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Rider3

(919 posts)
2. Hmmm...
Mon Dec 3, 2012, 06:23 PM
Dec 2012

This is a good and difficult question. As far as I understand it, if we "go over the cliff," all tax breaks end for everyone and must be renegotiated. Therefore, the big tax breaks given right now to the top 1% will no longer be in effect, and everyone will have to go back to the drawing board. What irritates me is that all this talk about the "financial cliff" was never so pronounced as it has been with Obama's administration. With Reagan, they raised the ceiling more than a few times. Yet, here we are, and the GOP won't counter Obama's plan with one of their own. All they say is that they want to protect the top 1%. I say, let's go over the cliff at this point. Things may have to get worse before they will get better. I'd really like to hear others' opinions, especially those correcting my thoughts!

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0 members have recommended this reply (displayed in chronological order):

dumb question about the fiscal cliff [View all] skippercollector Dec 2012 OP
first they are two different events and NMDemDist2 Dec 2012 #1
Hmmm... Rider3 Dec 2012 #2
I'm ready to go over. mbperrin Dec 2012 #4
. Prometheus_unbound Dec 2012 #3
wrong. the Bush era tax cuts for everyone ... Blackhawk44 Dec 2012 #5
Fine Prometheus_unbound Dec 2012 #6
Reduced demand from immediate cash could be made up mbperrin Dec 2012 #11
Taking a stab at it Yo_Mama Dec 2012 #7
Sausage. hay rick Dec 2012 #8
thanks skippercollector Dec 2012 #9
Going over the fiscal cliff (FC) would be good in the long run golfguru Dec 2012 #10
I'm back! skippercollector Jan 2013 #12
Social Security payroll tax holiday did not affect the Social Security Trust Fund at all progree Jan 2013 #13
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