Obama Sets White House Meeting on Fiscal Cliff

Deuce said:

Except the rich have continued to get richer. Clearly we're not running out of rich people.



You seem to have conveniently forgotten that most of those people paying no federal income tax are either paying payroll taxes or are retired. You also seem to have forgotten that Republicans voted for the extension too.

And what do you mean liberals "don't like to hear" that it also cut middle class taxes? Why would that bother us?

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AdamT said:

They will simply end up kicking the can down the road another six months, unfortunately. But perhaps that will give them time to put in something like Bowles-Simpson, which makes sense over the long haul.

The short term solution is obvious, assuming both sides are actually interested in compromise, as they claim. Obama and the Dems want the top Bush cuts to expire. Boehner (and presumably the Republicans *cough*) says he would accept revenue hikes, but he wants them through the elimination of deductions. So just split the difference. Cut the top Bush tax cut in half and make up the difference by reducing some deductions. Easy peasy.

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