Dontcha love how the media waited until AFTER the election to warn voters about the “fiscal cliff” that conservatives have been screaming about for months?
The election is finally over, which means the tax clock is ticking. Congress now has eight weeks until the U.S. economy jumps over the much-dreaded “fiscal cliff,” the combination of tax increases and spending cuts that are scheduled to go into effect in January 2013.
Earlier this week, House Speaker John Boehner, R-Ohio, said that a lame duck Congress “probably shouldn’t do big things,” but “the best you can hope for is a bridge.” That bridge may mean a short-term extension, which would allow newly-elected lawmakers and President Barack Obama to hash out a deal.
Cross posted at ThoughtsFromAConservativeMom.com
- CBO Confirms Taxmageddon Will Damage Economy In 2013 If Congress Doesn’t Prevent Automatic Tax Hikes
- CBO: Taxmageddon is real, people
- Taxmageddon: Record $494 Billion Tax Hike Coming If Obama Wins Second Term