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View Diary: Public ready to blame Republicans if fiscal cliff talks fail (132 comments)

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  •  ferg - I think coffeetalk is referring to an (2+ / 0-)
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    MPociask, Deep Texan

    ALTMIN  patch that expires at year end rather than the new Clinton era rates that will start on 1/1/13.

    "let's talk about that"

    by VClib on Tue Nov 13, 2012 at 12:44:29 PM PST

    [ Parent ]

    •  that's not really fiscal cliff (9+ / 0-)

      Congress is fully capable of passing the AMT exemption as a standalone bill.

      It's also fully capable of passing the unemployment extension as a standalone bill.

      •  This message should be beaten like a drum (5+ / 0-)

        The Republican frame is, well, we'll do something to reform taxes, but ONLY IF we do entitlement reform.

        What the hell do those have to do with each other?  They both involve the federal budget?  We can reform tax loopholes and rates all by themselves.  

        Krugman's been on fire talking about refusing to deal with hostage-takers.  The President should refuse to let the Republicans take Social Security, Medicare, and Medicaid as hostages.  And very loudly and repeatedly remind people that raising the Medicare eligibility age INCREASES, not deceases, the deficit.  

    •  And the alt min tax (6+ / 0-)

      Patch is something that is done every single year.

      I love polls like this.  How can anyone know what effect the fiscal cliff will have on their personal finances?  

      We're talking about the expiration of the annual AMT tax patch, the planned expiration of the Bush tax cuts (yes, they were designed and sold as sunsetting - that was part of the budget trickery pulled to soften the impact on the debt), and sequestration of military and discretionary spending.  Also, the expiration of the Obama payroll tax cut, also planned to end.

      At this point in time, none, some, or all of those things may happen.  The ones that do happen may be mitigated or changed by Congress and by executive authority.

      If you know how all of that is going to hit your bottom line, can you tell me next week's lotto numbers too?  

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