Yesterday I posted about the Fiscal Cliff and how we can prepare. Regardless of what happens, I believe preparation far outweighs doing nothing.
But today Mr. Eschewing Debt suggested a theory which I find intriguing if nothing else. I thought I would share his theory with you and let you decide for yourselves.
Several members of Congress refuse to raise taxes. Because of this, Boehner finds it difficult to obtain the necessary votes to pass a budget deal.
On January 1st, taxes will increase for everyone if a compromise is not reached. No votes are needed for this raise in taxes- they will automatically occur. Not one member of Congress or Senate will be accused of "voting to raise taxes" because there will be no vote, right?
But then, what if on January 2nd those same Republicans who refused to strike a deal because they refuse to vote on raising taxes, agree to vote on a tax decrease for 98% of the population- or anybody making less than $250,000/year?
The exact same outcome which the President and the Senate Democrats are pushing would be achieved, but the Republicans would look like heroes who DID NOT VOTE TO RAISE TAXES. Rather, they would look like the party who voted to lower taxes on 98% of the population (and, of course the Democrats would also vote yes on the deal so they would come out looking pretty good as well).
What do you think? Is all of this a game? A trick to fool the masses?
I do agree that it is all a game, but it is the President who is playing it. He wants to go off the cliff-taxes go up on everyone-he then gets to implement a middle class tax cut-he comes off as a tax cutter-something we all know he is not, and there will be huge military cuts-something he has always wanted. I say bravo to the few who have the courage not to keep punishing the successful of this country. They already pay enough. Obama's class politics are really gross.JMHO.
ReplyDeleteThank you so much for your comment! I really appreciate it!
ReplyDeleteIf Mr. Eschewing Debt is right and they (political leaders) let us go off the Fiscal Cliff, then all the politicians will end up looking good if they lower taxes. It could be a political trick by everyone.
Obviously, nobody likes to pay taxes and nobody likes their taxes going up- regardless of how much money one has. The truly wealthy are smart enough to avoid paying taxes and raising their taxes won't effect much anyway, because they will just find more loopholes. That's how the history of taxes has always been.
I believe both parties are playing games- their only goal is to be re-elected. In a few days we'll see how this all ends up. Personally, I am sick of politics all together and I really wish that elected officials would start making decisions based on the betterment of our country, not on the betterment of their bank accounts.