January 1; How much you wanna bet nothing changes

Discussion in 'Politics' started by candycorn, May 2, 2012.

  1. candycorn
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    candycorn Alis volat propriis

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    I heard on Planet Money that on January 1, the Bush Tax Cuts, the payroll tax holiday, and the automatic spending cuts that the Super Committee defacto authorized take hold.

    So taxes on the wealthiest people go up on 1/1/13
    So tax withholding on people like you and I will go up on 1/1/13
    And There are supposed to be massive cuts to spending that goes into effect on1/1/13.

    How much you wanna bet none of the three happens. Obama is on record saying that he will veto any attempt to repeal the cuts. Yeah; right.

    I would be shocked if any of the three happen.

    Any thoughts?

    We're Headed For A Fiscal Cliff. Should We Jump? : Planet Money : NPR
     
  2. francoHFW
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    francoHFW Platinum Member

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    Obama will only veto keeping wealthy cuts...like he's said all along.
     
  3. Mr. Shaman
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    Mr. Shaman Senior Member

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    Yeah.......

    CHANGE!

    *

     
    Last edited: May 3, 2012
  4. candycorn
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    candycorn Alis volat propriis

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    Not quite. This from Wiki:

    I'll still wager that nothing changes.
     
  5. editec
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    editec Mr. Forgot-it-All

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    I think the automatic changes will take place.

    Good.
     
  6. blastoff
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    blastoff Undocumented Reg. User

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    Well let's see. Later in January we'll have a new president and solid control of the House and Senate, so...
     
  7. The Rabbi
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    The Rabbi Diamond Member

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    On those three items, probably nothing.
    Obama signed the extension of what are now the Obama tax cuts. But he won't be in any position to sign legislation in January.
     
  8. SniperFire
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    SniperFire Senior Member

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    Amazing just how badly everything has gone to hell since Pelosi-Reid took control of the checkbook in the '06 election.

    Time to put the adults back in charge.
     
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  9. Jarhead
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    Jarhead Gold Member

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    Unfortuantely, no adults are currently in congress and none are running for congress.

    Furthermore, nowadays, only one with a childish campaign attitude can win a campaign.
     
  10. SniperFire
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    SniperFire Senior Member

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    You just have to decide if you want the continued -Obam-Pelosi-Reid budget - or the Ryan budget.


    Pick one!
     

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