January 1, 201313 yr http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/31/your-fiscal-cliff-deal-cheat-sheet/
January 1, 201313 yr At first glance doesn't seem to be too much different than what both sides were talking about except that once again more taxes are raised without any significant spending cuts.
January 1, 201313 yr At first glance (and it's just a glance), ol' papa isn't going to hit any of those threshholds any time soon.
January 1, 201313 yr Kudos to Senator McConnell and Vice-President Biden for working together on this. I am probably the biggest critic of Senator McConnell around, but he deserves a ton of credit for working toward a compromise and getting it done. Most of you have little regard for Vice-President Biden, but he's the one guy in the administration that can work successfully with Senator McConnell, so I think that maybe, just maybe, you have to admit he has a tremendous value beyond gaffes and sound bytes.
January 1, 201313 yr At first glance doesn't seem to be too much different than what both sides were talking about except that once again more taxes are raised without any significant spending cuts. What I am hearing is that cuts are going to be addressed in a couple of months.
January 1, 201313 yr What I am hearing is that cuts are going to be addressed in a couple of months. If the government had a dollar for every time it said it would address spending cuts "later on", the fiscal cliff would have never been a concern.
January 1, 201313 yr At first glance (and it's just a glance)' date=' ol' papa isn't going to hit any of those threshholds any time soon.[/quote'] I'll likely NEVER hit any of those thresholds. The one thing I don't like is the estate tax. I just don't think that is a fair tax no matter how much or how little the estate is worth.!
January 1, 201313 yr If the government had a dollar for every time it said it would address spending cuts "later on", the fiscal cliff would have never been a concern. True...but that's all I've got to go in. :lol:
January 1, 201313 yr I am glad the payroll tax cut is ending. I understand the premise, but it's needed and (I feel) needed to ensure revenue.
January 1, 201313 yr What I am hearing is that cuts are going to be addressed in a couple of months. I'm seeing $41 in tax increases for every $1 in spending cuts. Link
January 1, 201313 yr I'm seeing $41 in tax increases for every $1 in spending cuts. Link But I don't think we know yet the full spending cuts plan. I think this is correct-ish for this first legislation, but that we are still waiting for the majority of the spending cuts to be negotiated.
January 1, 201313 yr To be clear, this deal still raises taxes on the middle class. You will see a 2% tax increase because it doesn’t include an extension of the payroll tax holiday.
January 1, 201313 yr To be clear' date=' this deal still raises taxes on the middle class. You will see a 2% tax increase because it doesn’t include an extension of the payroll tax holiday.[/quote'] I don't consider that "raising" taxes. It is simply reverting to normal. I have no problem with that.
January 1, 201313 yr I don't consider that "raising" taxes. It is simply reverting to normal. I have no problem with that. The old expression, "There's a sucker born every minute."
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