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ieoeja

(9,748 posts)

9. Automatic cuts have nothing to do with the tax holiday.

Reply to bluestate10 (Reply #6)

Tue Dec 11, 2012, 05:21 PM

Dec 2012

Automatic cuts are there if they do not pass a budget. A "Continuing Appropriations Resolution" is already in place to keep the gov't going through March. It is essentially a half-year copy of the FY2012 budget adjusted for inflation.

The tax holiday is an entity unto itself and due to expire Jan 1st

There would still be three more months to pass a budget before the automatic cuts kick in.

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Highlight:

To Save His Second Term, Obama Must Go Over the Fiscal Cliff - NewRepublic [View all] WillyT Dec 2012 OP

Mr. Scheiber is Correct, Sir The Magistrate Dec 2012 #1

Isn't the law providing for automatic cuts unconstitutional? ieoeja Dec 2012 #12

will obama successfully resist his urges to appease republicans even though he WON? stay tuned nt msongs Dec 2012 #2

Makes sense to me! knr bunnies Dec 2012 #3

I have way more confidence in next years senate. Skink Dec 2012 #4

Good OP; but ... 1StrongBlackMan Dec 2012 #5

Best way of saying it! Cosmocat Dec 2012 #14

There should be no extension of the Bush tax cuts. That has to end. I favor going over the cliff, bluestate10 Dec 2012 #6

Automatic cuts have nothing to do with the tax holiday. ieoeja Dec 2012 #9

Everything you said EXCEPT negotiate. Coyotl Dec 2012 #24

K&R forestpath Dec 2012 #7

No, To the threat to our National Security DearAbby Dec 2012 #8

i agree...no compromise. we won. there would not be a thought of compromise had romney won spanone Dec 2012 #10

I sure hope so... Xyzse Dec 2012 #11

"and make sure Republicans get the blame for it." bemildred Dec 2012 #13

This is a brilliant piece. We have to go over the cliff regardless because it plethoro Dec 2012 #15

Kick !!! WillyT Dec 2012 #16

BRING IT ON Skittles Dec 2012 #17

You Said It Sister !!! WillyT Dec 2012 #18

Totally agree! Faux pas Dec 2012 #19

kick kentuck Dec 2012 #20

Last Kick From Me... WillyT Dec 2012 #21

Well... DevonRex Dec 2012 #22

Take the big capital gains tax jump. No other way to get it. Coyotl Dec 2012 #23

Great Point !!! WillyT Dec 2012 #25

Great article. jsr Dec 2012 #26

and since we need to cut defense a little MrYikes Dec 2012 #27