Overnight Fiscal Cliff Open Thread
As you probably know by now, the House passed the Senate’s fiscal cliff compromise. It’s all revenue and almost no spending cuts. The deal extends the automatic budget cuts out two months and doesn’t change the debt ceiling. The Bush tax cuts are locked in for those making $400,000 (or $450,000 for married couples) and there’s a extensions of other dubious tax credits. Obama got his tax increase on the wealthy and everything else got punted down the road.
Consider this your place to vent or prognosticate, as this mess is far from over…
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Posted by Doug Johnson on January 2, 2013.Filed under Barack Obama, Congress.
Doug Johnson is a news junkie and long time blog reader, turned author.
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