candycorn
Diamond Member
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
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