Fiscal Cliff

[GM.]

"In a few weeks, tax laws U.S. taxpayers have enjoyed for more than a decade are scheduled to expire. Along with long-standing and historically low tax rates, several popular tax credits and deductions already have or will soon expire.

That scenario is being described as a fiscal cliff. And if American taxpayers are nudged over that cliff by Congressional inaction, most of them will face dramatically higher tax bills."


Wait a minute, whereas tax payers of all income groups have enjoyed the benefits "W" initiated ten years ago, and whereas it will soon be dramatically different for those individuals because "Congressional inaction" will create a"Fiscal Cliff," and whereas it has been mathematically demonstrated that higher taxes for the top 2% will do nothing but scratch the deficit, can it be concluded the Obama administration agrees tax cuts are the answer to an economic recovery or are they not; and which way would they like it?


http://www.bankrate.com/finance/taxes/fiscal-cliff-affect-taxes.aspx#ixzz2DH1Gbtf7

 

[Ed Dartford]

 

[Leigh]

 

[TEG916]

 

[PaulR]

 

[Piloto]

 

[Leigh]

 

[sourdough44]

 

[Tom Veatch]

 

[Ed Dartford]