It's the same principle in child raising: sometimes you have to give your child what he wants so he can find out just how stupid an idea it is.
That is one view of the fiscal cliff. The approach is of course that even if the child wants it you can't give it to them because it is a danger which they don't understand because ultimately you are responsible. I think Obama will own whatever is decided on regardless of whether it is before or after Jan1. After Jan 1, they will be known as the Obama tax cuts. I believe Obama wants to realign tax collections at a higher rate and level to help pay for the social programs he promotes. If the US goes past Jan. 1, then much higher rates go into affect and then he can reduce the rates in accordance with his social engineering beliefs. The American people will be fed... we gave you a tax cut. He did. But taxes will still be higher than prior to Jan 1.
Don't listen to Rush L much anymore, but he made a point about Senator Corker's proposal. He said why would the Republicans think that they have more leverage or can get their budget cuts, entiltlement realignments, and so forth just because they agree to the tax issue now? I agree with Rush.
The 0.9% ObamaCare tax kicks in in 2013. There are also additional taxes that will be hidden related to medical care as I understand it. There is also a $59 charge per employee for pre-existing conditions even if you or your company do not participate in ObamaCare. If you are a big corporation, $59 is a lot of money when you apply that to many employees... say Walmart. The result... higher prices. Many Walmart employees will have to work about a day just to pay this tax.
