The feds aren’t alone in dealing with budgets this time of year. Although “dealing” is somewhat generous, since Uncle Sam doesn’t have to balance his. Congress and the President are content to blame unforeseen circumstances — George Bush, climate change or a spontaneous reaction to an anti–Mohammed video — for causing deficit spending, while they […]
Tag: "tax increase"
If the White House and Congress don’t act this year, a huge, unprecedented tax increase described by Ben Bernanke as a “massive fiscal cliff” will slam American taxpayers. This looming tax hike will result mostly from letting long-standing tax policies expire at the end of 2012. Instead of waiting until after November’s election, obama should […]