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View Diary: Is Going Over The Cliff Necessary Now? (269 comments)

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  •  But it's NOT a tax INCREASE... (1+ / 0-)
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    elwior

    It only means going back to the tax rate as it was.

    The two Bushista tax cuts for the rich were only supposed to be TEMPORARY.

    The Obama 2% income tax cut for the rest of us was only supposed to be TEMPORARY.

    Going over the cliff means letting those TEMPORARY tax cuts expire.

    That means more revenue for the US treasury (and, in terms of only the Obama tax cut, back to the revenue that WAS coming in to the FICA account).

    I don't see a problem with that.

    I'm sick of attempts to steer this nation from principles evolved in The Age of Reason to hallucinations derived from illiterate herdsmen. ~ Crashing Vor

    by NonnyO on Wed Dec 19, 2012 at 12:23:29 PM PST

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