OK, now the Bush tax cuts are withdrawn, and we all start paying more.
This is going to help the economy, how?
Crickets.
It will hurt it further. Obama said as much in December.
Their plans are just plain stupid. Their re-election hinges on things getting better. They WILL NOT. Ergo, dems lose.
Then Republicans have one chance to make things right, to reset us on the proper course. Do they? Who is our challenger?
2012 is indeed the end (or the beginning).
AB, it’s not that the Bush tax cuts will be withdrawn or AMT won’t be “fixed” again....but yesterday, the Reid plan was being estimated these things WOULD happen. IOW, they were fake “savings” of up to possibly 3.8 Trillion over 10 years. They won’t exist.
The fear is that this Joint Select Committee can recommend tax increases/reform. I was wondering if anyone else had heard whether this has changed.
I haven’t read any analysis of the latest Reid proposal, but if the Joint Select Committee gets even more power (with the enforcement of defense and Medicare cuts if their recommendations are not passed), that’s a lot of power in only a few hands.