Saturday, December 01, 2012

HERE'S OBAMA'S PLAN to avoid the fiscal cliff:
An immediate $1 trillion tax hike through higher top marginal income tax rates as well as higher taxes on both capital gains and dividends.

An agreement to raise $600 billion more in taxes later this year by limiting tax deductions for
top earners.

$50 billion in new infrastructure stimulus spending.

Another “emergency” extension of unemployment benefits.

An extension of either the payroll tax cut or the reinstatement of Obama’s stimulus Making Work Pay tax credit.

A mortgage refinancing program.

Billions in new spending to prevent cuts to Medicare reimbursement payments for doctors.

An infinite debt limit hike.
Looks really appetizing, doesn't it?

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