Posted by Sir Four at 10:39am Nov 30 '11The White House has this calculator to put into contrast the President's plan vs. partisan gridlock which would cause temporary payroll tax cuts to expire.
In other news, I heard on NPR that if congress does absolutely nothing--nothing at all (which would allow numerous tax cuts and Medicare fee increases to expire, as well as invoke the "triggered" cuts)--it'd shave $7 trillion off the forecasted 10 year debt. I find it funny that the debt situation could be resolved if congress just stays home.
In other news, I heard on NPR that if congress does absolutely nothing--nothing at all (which would allow numerous tax cuts and Medicare fee increases to expire, as well as invoke the "triggered" cuts)--it'd shave $7 trillion off the forecasted 10 year debt. I find it funny that the debt situation could be resolved if congress just stays home.
How the tax debate will affect you (for Americans) - Sir Four