General Discussion
In reply to the discussion: I did not vote for a "Grand Bargain" [View all]BainsBane
(57,785 posts)I have specifically talked about taxes on lower incomes, which is demand side. People with lower incomes spend their income, which creates demand and stimulates the economy. It is the opposite of cutting taxes on the rich and hoping for it to trickle down. If you really think families of five making $25 k a year should pay an additional 17% in taxes on top of the payroll taxes they already pay, you are either indifferent to or not thinking about the hardships those families face procuring basic food and shelter.
The fiscal cliff is not simply an exercise in political posturing. It is about people's lives. I don't know if the government will automatically deduct higher taxes as of Jan. 1, but if that is the case it will create SEVERE hardship for the poorest working Americans.