You are one of those 67% who support raising the tax rates on people who earn over $250K?
What else are you prepared to do? Because while we can argue about whether those people paying more taxes will invest less, spend less, and do less thus CUTTING FEDERAL, STATE, and LOCAL TAX REVENUES, this will only close the deficit gap by a TINY percentage.
Will you consider raising the retirement age to 70 for those 45 or less over the next 15-20 years?
Will you consider raising the Medicare age for those less than 55 to 67?
Okay, NEITHER of those will affect the deficit this year?
ONLY ONE THING WILL AFFECT THE DEFICIT THIS YEAR.
What are the leaders doing to spur MAJOR, IRREVERSIBLE GROWTH THIS YEAR?
Geithner: Ready to Go Over ‘Cliff’ If Taxes Don’t Rise
Treasury Secretary Timothy Geither told CNBC Wednesday that Republicans are “making a little bit of progress” in“fiscal cliff”
talks but said the Obama administration was “absolutely” ready to go over the cliff if the GOP doesn’t agree to raise tax rates on the wealthy.
“I think they’re making a little bit of progress,” Geithner said. “They’re clearly moving and figuring out how to try to move further.”
But Geithner said the White House would “absolutely” go over the fiscal cliff — triggering over $600 billion in automatic spending cuts and tax increases — unless tax rates increase on the top 2 percent of wage earners.
So if they don’t get what they want, a demagogic tax rise of ARGUABLE effect, they will hurt EVERYONE.
So they can blame the republicans for the 2014 elections?
Be careful what you wish for Bronco.