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GOP's Plan B Would End Paralyzing Uncertainty Over Tax Rates And Boost Economic Growth

annfan_777 Wrote: Dec 21, 2012 3:14 PM
The last time the GOP was hoodwinked into raising taxes, we got beaten up for years by the media and the Democrats - anyone recall "Read my lips, no new taxes"?

WASHINGTON - The dizzying, budgetary roller coaster ride careened closer to the "fiscal cliff" this week when House Speaker John Boehner tossed a new Plan B into negotiations with the White House.

Just when it seemed Boehner and President Obama were nearing a deal, the speaker changed course, voicing doubts a full package could be worked out in time before the January 1 deadline.

That's when a combustible combination of higher taxes and sweeping automatic defense and domestic spending cuts will send the economy into a recession, economists say.

Boehner's eleventh hour rescue plan would permanently extend virtually...