Americans are facing an unprecedented $494 billion tax hike on Jan. 1, 2013. It’s been dubbed “Taxmageddon” given the economic devastation it would cause.
...The bulk of Taxmageddon comes from expiration of the 2001 and 2003 Bush tax cuts, but also means the child tax credit will be cut in half, the Alternative Minimum Tax patches end, the Death Tax returns to its 2001 level, and a handful of new Obamacare tax hikes take effect...
...Conservatives should applaud Boehner[*] for seeking a solution sooner rather than later. But without action from the do-nothing Senate, there’s little hope of stopping this enormous and unprecedented tax increase before November...
Wait just a second. Didn't California just try this same strategy and fail miserably?
Oh well, this is the Lightbringer we're talking about, so perhaps it'll be different this time. After all, he got the oceans to stop rising.
*I'll applaud Boehner when he actually stops Obama and doesn't wimp out.
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