To: Kevin in California
Everyone knows there will be big tax hikes on Dec 31, 2012 when ALL the Bush tax cuts expire.
Obama didn't throw it in this “deal” because he knows he wouldn't get a “deal” and besides he figured he could just wait a year and a half and get it automatically.
31 posted on
08/01/2011 11:16:17 AM PDT by
tobyhill
(Real Spending Cuts Don't Require Increasing The Debt)
To: tobyhill
Seems that the FICA relief for this year will expire, which is tantamount to a tax increase. Also, there is the “mess” of the Super Congress (Constitutional?)being in a position to call for tax increases as a result of shortfalls in “revenue.”
It seems to be written as a trap.
52 posted on
08/01/2011 11:23:36 AM PDT by
jennings2004
(Sarah Palin: "The bright light at the end of a very dark tunnel!")
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson