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To: plain talk

There are no tax increases so that’s good....

Nope...tax increases would be off limits UNLESS recommended by the Super Congress of 12....and we know what that means...taxes are coming!


67 posted on 07/31/2011 10:44:29 PM PDT by caww
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To: All; caww; gaijin; plain talk
Since there's confusion on taxes and the committee:

Under the framework, the Joint Committee of Congress will work off a current-law baseline, as required by the 1974 Budget Act, effectively making it impossible for Joint Committee to increase taxes.

http://www.speaker.gov/UploadedFiles/3-7-31-11-Debt-Framework-Boehner.pdf

70 posted on 07/31/2011 10:56:38 PM PDT by newzjunkey (thanks CaptSkip!)
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