iamwhatiseem
Diamond Member
Surprise....the same tax cuts that the Democrats railed against years ago...and rail about still today - a study by the CBO says it would throw the country back into a recession.
Whaddya know...
Whaddya know...
A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession.
The Congressional Budget Office report says that the economy would shrink by 1.3 percent in the first half of next year if the government is allowed to fall off this so-called "fiscal cliff" on Jan. 1 -- and that the higher tax rates and more than $100 billion in automatic cuts to the Pentagon and domestic agencies are kept in place.
Read more: CBO says US likely to fall off 'fiscal cliff' if Bush-era tax cuts allowed to expire | Fox News