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What Would You Like to See Congress do to Avoid Going Over the ‘Fiscal Cliff?’

Lawmakers have Dec. 31 deadline to prevent start of automatic tax hikes and budget cuts.

After kicking the can down the road to avoid making hard choices in the face of an election, lawmakers now have just a few weeks to face financial reality for the American people. Experts may debate whether it’s a “fiscal cliff” or a gentle slope, but everyone seems to agree that dealing with the deficit and expiration of Bush-era tax cuts is a must. (See Wall Street Journal video explainer.)

Congress set their own deadline to do so of Dec. 31, 2012, conveniently after the election. But with another election at least two years away, it's now time to do something about it. Up until now, each Party has blamed the other for the footdragging, but all indications are that the American people are tired of the deadlock in Washington. They're ready to see some compromise. 

What would you be prepared to see your congressmen concede in order to resolve the issue or do you think they should hold the Party line no matter what? What would you like to see happen to prevent going over the so-called "fiscal cliff?"

Good Grief Y'all November 21, 2012 at 02:48 PM
Oh, and the "make things up" phrase was particularly enjoyable (and accurate).
Dave Norling November 21, 2012 at 02:54 PM
Ahhh......after reading your comment, you must be an anti-Christian liberal. I am not a Republican and definitely NOT a Democrat. I am proud to be a Christian, a Vietnam veteran and a patriot. I love my country but fear my government and rightly so! We will continue to feel God's wrath as our society strays from biblical ways. I pray for all of us including anti-Christian liberals. Only He can end the demise of our society. I hate to say, "I told you so" but time will show the destruction of the "Divided States of America" unless we turn to our Lord and Savior. He is the answer to EVERYTHING! ps As Tammy stated, history shows Democrats love of higher taxes and also shows failed Democratic socialized programs: post office, social security, medicare, corrupt welfare, etc and now Obamacare/socialized medicine. Government should govern, not rule!
Tammy Osier November 21, 2012 at 03:38 PM
Middle class tax? It comes in waves. Wave one: First Wave: This is edited down for space Expiration of 2001 and 2003 Tax Relief for small businesses. (means you make less, therefore pay more. Sounds like a tax to me). Personal income tax rates will rise on January 1, 2013. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. (sounds like...) Higher taxes on marriage and family coming on January 1, 2013. The child tax credit will be cut in half from $1000 to $500 per child. (pay more...sounds like a tax to me) Middle Class Death Tax returns on January 1, 2013. (sounds like a tax to me). Higher tax rates on savers and investors on January 1, 2013. Then there's the second wave...and the third wave that includes "Charitable Contributions from IRAs no longer allowed". "Tax Benefits for Education and Teaching Reduced"..etc... could go one. But those who voted this mess in have basically said to the government "we agree with you oh exalted One" tax us! tax us! We don't care! And they don't. When this hits them, they'll excuse the government because they have laid their all at its altar.
Tammy Osier November 21, 2012 at 03:39 PM
The AMt- The AMT will ensnare over 31 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 31 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level.
R++ One of the Famous Dacula Crew November 22, 2012 at 01:42 AM
But Eye Candy 1 needs a new runway ...

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