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Posted by on Nov 28, 2012 in Economy, Featured, Politics | 2 comments

‘Fiscal Cliff’: Obama, Republicans Revert to Campaign Mode

Luojie, China Daily, China

'Fiscal cliff': Obama, Republicans revert to campaign mode (via The Christian Science Monitor)

Three weeks after winning reelection, President Obama is returning to the campaign trail. But instead of stumping for himself, he’s pushing for tax hikes on the wealthy, in the name of deficit reduction.    The president’s trip Friday to a toy factory in suburban Philadelphia will cap a week…

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  • slamfu

    I love how they point out that the small business owners making over $250k would be hurt. We know, they would pay more in taxes. Their businesses would be unaffected however. Don’t try to imply that because they own a business and manage to make over $250k/year that they are supposed to get a pass on their personal income taxes. And if you don’t want to pay taxes on the profit you’ve made and/or allocated to yourself, sink it into your business and take the write off. Its amazing to me how Republicans can simultaneously argue that median income earners in the $45k/yr range can get by just fine and/or should make salary concessions, especially if they are members of unions or public employees, while those making $250k need all the protection they can get. It’s arguments like these that make me convinced the GOP is made up of unthinking ditto heads.

  • jdledell

    slamfu – Nail+Head = Perfect.

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