I had read about letting the tax cuts expire, allowing all our taxes to go up, and then quickly cutting them for the middle class. We would not lose more than one month of taxes. I think this is the way POTUS and the Dems will go. It’s time we call the Rethugs’ bluff on everything.
By Jueseppi B.
Some things from all over you just might be interested in knowing:
Despite their post-election tough talk, Republican leaders have dealt themselves a lousy hand. Obama can propose a “middle-class tax cut” for the 98 percent of American households earning less than $250,000 a year — while letting the Bush tax cuts expire for those earning more — and dare the Republicans to block it. If they do, everyone’s taxes will rise on Jan. 1.
It’s true that going over the fiscal cliff, as some Democrats believe will happen, would set back the recovery and could eventually cause a recession. But Democratic leaders in Congress believe the public furor would be too intense for Republicans to withstand for long.*
WASHINGTON (Reuters) – Allowing income tax rates to rise for…
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