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To: Son House
The fiscal cliff would increase tax rates and decrease government spending through sequestration, and lead to an operating deficit

So increasing taxes and decreasing spending leads to a deficit?

The sad part: Democrats got their tax increases, taking more out of the private sector, thus decreasing the size of the private sector.

93 posted on 12/15/2013 9:46:56 AM PST by Son House (Democrats want you to use 'Great Recession' instead of 'Jobless Recovery', recession ended June 2009)
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To: Son House
CHART: Obama 2013 Tax Increase Twice as Large as Looming Sequestration
http://blog.heritage.org/2013/02/26/chart-obama-2013-tax-increase-twice-as-large-as-looming-sequestration/

Tax increases, especially on investors and small businesses, also hurt economic growth in more than one way.

1) By taking more money out of the economy that could otherwise have been spent on growing a business and hiring workers; and

2) By changing the incentives against productive work and investment, which slows growth over the long term.


94 posted on 12/15/2013 9:53:51 AM PST by Son House (Democrats want you to use 'Great Recession' instead of 'Jobless Recovery', recession ended June 2009)
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