Fiscal Cliff

[gmhr1]

Jan 1 2013 this is some of what we can all look forward to unless obama gets this fixed he failed to even talk about it in his weekly speech

Child care tax credit drops from $1000 to $500
10% tax rate will jump to 15%, 25% to 28% 28% to 31%, 33% jumps to 36% 35% jumps to 39.6%
Return of the marriage penalty tax
Dividends will be taxed at ordinary income tax rates
Employees social security payroll taxes increase from 4.2 to 6.2
medicare payments to DR's fall by as much as 30%
Extended unemployment benefits expire
Alternative minimum tax will hit millions more people
Top rate Capital gains taxes increase 15% to 20%
Estate tax rate increases 35% to 55%
$55 Billion cut from domestic programs
$55 Billion cut from defense

Chart of the health care taxes not included in above taxes
http://blog.heritage.org/2012/09/30/...oming-in-2013/

[paul young]

Jan 1 2013 this is some of what we can all look forward to unless obama gets this fixed he failed to even talk about it in his weekly speech

Child care tax credit drops from $1000 to $500
10% tax rate will jump to 15%, 25% to 28% 28% to 31%, 33% jumps to 36% 35% jumps to 39.6%
Return of the marriage penalty tax
Dividends will be taxed at ordinary income tax rates
Employees social security payroll taxes increase from 4.2 to 6.2
medicare payments to DR's fall by as much as 30%
Extended unemployment benefits expire
Alternative minimum tax will hit millions more people
Top rate Capital gains taxes increase 15% to 20%
Estate tax rate increases 35% to 55%
$55 Billion cut from domestic programs
$55 Billion cut from defense

Chart of the health care taxes not included in above taxes
http://blog.heritage.org/2012/09/30/...oming-in-2013/

Obama CAN'T fix it. That ball is in the legislative branch's court. Call or write your Congressman and Senators if you're really concerned.

If you're REALLY REALLY concerned, vote them out of office in November for not doing their job!-Paul

[gmhr1]

Can Obama fix anything or is he just as he referred to himself "eye candy' Dont worry I already voted!

the potential for an end-of-the-year uproar when some $109 billion in across-the-board spending cuts kick in unless OBAMA and Congress reach a deficit-reduction deal to avert them. Bush-era tax cuts also expire at year's end.

President Obama is passively allowing us to go over a fiscal cliff.
The cuts could slice some 48,000 federal workers from civilian defense jobs and 229,000 from federal jobs

[BonMallari]

our legislators now play a game of brinksmanship, they wait for either a fiscal crisis or a deadline to leverage the minority opposition into submission..both sides do it..and the American public suffers

[gmhr1]

And if we re elect him we deserve what we get obama has showed us the change he wants for us and he has shown us the "real obama " shame on us if we take it.