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Major Nikon

(36,927 posts)
21. Here's some important things to remember
Sun Dec 23, 2012, 03:30 PM
Dec 2012

For one thing, the President has the option of making the witholding effective immediately or delaying the onset of any withholding changes. So if Obama thinks a middle class tax deal will be reached (and it's hard to imagine it won't) he could delay the effect of tax withholding which would negate at least the immediate tax implications for most folks. As far as government spending goes, sequestration is different than other budget stalemates because this too doesn't have to take effect immediately since government budgets will be cut rather than stalled.

Obama really holds all the cards on this one. At the first of the year the argument for preserving the Bush tax cuts vanish because they will no longer exist. From there it will just be a matter of negotiating a tax cut and the cons won't easily be able to say no to that. Since Obama has already extended the olive branch only to have the cons throw it on the floor and stomp on it, they won't find much traction with the public on trying to pin any negative consequences on Democrats.

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dropping through the cliff samsingh Dec 2012 #1
No one expects the 'cliff' scenario to last railsback Dec 2012 #2
There is no 'fiscal cliff.' The politicians are lying leftstreet Dec 2012 #3
It is not the "best solution" jberryhill Dec 2012 #4
Going over the cliff is a horrible solution ... dawg Dec 2012 #5
Because if we don't stop the hostage crisis cycle, we'll surrender more and more and create TheKentuckian Dec 2012 #6
Ok, so it isn't that the fiscal cliff is so great... renie408 Dec 2012 #7
It's not a cliff and it's not good, it's simply the least bad deal out there so far. Egalitarian Thug Dec 2012 #8
Who said it's the "best" solution MNBrewer Dec 2012 #9
The Cliff Isn't The Real Problem...The Ceiling Is... KharmaTrain Dec 2012 #10
President Obama can ignore the debt ceiling is he chooses to and carry on as he wishes. byeya Dec 2012 #15
Good Luck With That One... KharmaTrain Dec 2012 #19
It's called sacrifice. It used to be an American value. RB TexLa Dec 2012 #11
I have an 81 year old mother, two children and another kid that I have taken in renie408 Dec 2012 #13
I think you mean an American talking point... cthulu2016 Dec 2012 #18
Will it be as bad as the Y2K Bug crises or the Mayan Calendar crisis? Tierra_y_Libertad Dec 2012 #12
According to fiscal cliff calculator I will lose 8% of my yearly income. That would suck. JaneyVee Dec 2012 #14
Business Insiced: Warren Buffett Explains Why He Isn't Freaking Out About The Fiscal Cliff OmahaBlueDog Dec 2012 #16
about the AMT, here's what CTJ says hfojvt Dec 2012 #17
Your concern is noted. backscatter712 Dec 2012 #20
And so is your disdain. renie408 Dec 2012 #22
Here's some important things to remember Major Nikon Dec 2012 #21
Latest Discussions»General Discussion»Question: To those who th...»Reply #21