Senate Fiscal Cliff Bill Approved by House

[DeltaBetaBaby]

Originally Posted by UGAalum94

The whole "tax the rich" "make them pay their fair share" rhetoric was great, but I think most people concede that you can't fund it by taxing people with incomes at the level that most folks think can afford to pay more in taxes.

What's that level? Simply letting the Bush era tax cuts expire would do much to close the deficit.

[UGAalum94]

Originally Posted by DeltaBetaBaby

What's that level? Simply letting the Bush era tax cuts expire would do much to close the deficit.

Sorry to triple post, but what data are you looking at? (That's sincere question, not a sarcastic "that data doesn't exist claim.)

I'm seeing more claims that indicate it won't come close to paying for our spending, particularly with new costs of Obamacare and increasing social security.

Certainly, the end of the Bush era tax cuts move us in the right direction, but I'm not seeing anything that gets close to doing "much to close the deficit."