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Republicans Have Already Lost Fight on Fiscal Cliff

Auspex Wrote: Nov 15, 2012 5:15 PM
You want more skin in the game? Get rid of every federal tax but a national sales tax. Then we don't have to worry about paying more taxes to make up for all the "cash under the table" and the "rich" can't lobby for anymore "loopholes". We all pay at the checkout. And EVERYONE checks out something...! But, that is too easy to do and too hard for politicians to manipulate for favors so it will never happen.

You'll remember that President Barack Obama was the only candidate with a detailed plan to deal with the impending fiscal unpleasantness. And, as the president explained this week during his first press conference since winning re-election, "more voters agreed" with him, so naturally, it's time to give the people what they want.

So what do we win? Well, turns out there's only one detail worth remembering when dealing with the slew of tax hikes that kick in next year: We must reverse Bush-era tax rates on the rich. According to rosy projections of the Congressional Budget Office, this would...