General Discussion
In reply to the discussion: Dem Senator Introduces Bill To Lift Social Security’s Tax Cap, Extend Its Solvency For Decades [View all]We have to move the dialog.
By now it is obvious the Republicans haven't moved one inch. It is if there wasn't any election at all.
I am coming to the conclusion that it will be much better for America to simply let all these things expire Jan 1 -- then come back and offer a TEMPORARY 2-year cut in rates for incomes under $250,000 coupled with the extension in the debt ceiling and move on from there. Middle class tax rates need to go up too. We are spending 24% of GDP and taxing an historically (hysterically) low 16% of GDP. We cannot close that gap entirely with growth or by "soaking the rich) unless we go after all their favorite tax shelters. So it is probably wise policy to go back to the Clinton rates across the board, but keep the m.c. cuts in place temporarily for 2 more years as a stimulant to the economy.
There is no "cliff", just some decisions that have to be made.