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?Blog Gadgets