Real News. Real Funny.
Let's get this out of the way right now since Republicans are going to the mat to block higher taxes on the wealthy:
Extending all expiring tax provisions other than the cut in the payroll tax and indexing the AMT for inflation- except for allowing the expiration of lower tax rates on income above $250,000 for couples and $200,000 for single taxpayers-would boost real GDP by about 1¼ percent by the end of 2013. That effect is nearly as large as the effect of making all of those changes in law and extending the lower tax rates on higher incomes as well (which CBO estimates to be a little less than 1½ percent)
Matthew Keene: This country is in the tank, and everyone knows it!
HAMMERTOE: The 47% have no problem with it, I suppose.
sycraft: Ya I'm ok with this. While paying higher taxes isn't fun, it is needed. We need to increase the amount we pay. In fact, as in indicated by the temporary nature, we paid this amount not too long ago. I'm fine with my taxes going up.
madgonad: I suppose you are too dumb to realize that the fiscal cliff DOES impact the working poor which pay a higher percentage of their income in payroll taxes than I do.
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