I just heard an ABC News Report on the Fiscal Cliff that claimed if the President and Congress do
n’t act, we will go back to the Bush Era Tax Rates. What a stunning obfuscation! We are currently under the Bush Era Tax Rates which until the Democrats CRA destroyed the economy, were bringing record revenues to the Treasury.
No, ABC; after 1/1/2013, we will be going back to the Clinton Era tax rates. Too bad we won’t go back to the Clinton Era 18% of GDP spending (now 25%).
