Rok,
I have to agree. Within the last week or so I have come to the conclusion that ultimately, there has to be true compromise on this. The thing is, the GOP has already agreed to some tax hikes, and Obama hasn’t accepted it, so they aren’t compromising over at the WH.
At this point, I am more concerned at the huge tax increase I will face in a few days....after just getting diagnosed with testicular cancer of all things...than whether the rich keep their money or not.
Yes, I ultimately believe that raising taxes on the rich is bad as it can impact hiring. That said, I don’t think it would have a huge impact....people didn’t struggle to find jobs in the 1990s boom. But, you know what, the voters voted for this again knowing both sides would still have power, thus making the fiscal cliff yet another fight.
Frankly, I’m sick of the fights every few months. It’s time for something real to be done on our debt, but of course that won’t happen since Obama isn’t up to the challenge (truly a weak president) and the GOP doesn’t have the will.
At this point, I say raise the rates on people making $1 million or more....that might spare at least some of the small business people compared to the 250k.
“I don’t think it would have a huge impact...”
Economics aside the political impact will be devastating to the RINO GOP for they have admitted tax cuts do not work and only spending,borrowing and tax increases do.
THAT is what obama/soetoro wanted, admission of political and philosophical defeat as he has stated over and over, “ We tried it their way, it doesn`t work.”
NOW he has the admission, the proof to use in every speech. He`ll hold up the piece of paper and say, “ There ya go, they know tax cuts don`t work either. THEY agree with ME.”
Think the dominant media will disagree or blame obama/soetoro is things go wrong?
It`s a massive political victory over the RINO GOP
The DC Party may start with taxing the rich more, but know this, they will
come for your tax bracket too, eventually, as well.
So you are going to give this to Obama for what? He's offered to give exactly nothing for this tax increase.
Let's go over this cliff. It's the only plan on the table that will actually reduce the deficit. Everything else was merely a reduction in new spending.
Nobody is going to be spared by any plan. There's pain that will be had, and all we can do is accept it sooner and smaller rather than later and larger.