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Surprise: Democrats Threaten "Fiscal Cliff" if GOP Doesn't Cave on Tax Hikes

D G Wrote: Jul 16, 2012 8:28 PM
"U.S. displacing Japan as No. 1 for highest corp taxes" http://www.reuters.com/article/2012/03/30/us-usa-tax-japan-idUSBRE82T17R20120330

Cast your mind back to last summer, when virtually every Left-leaning politician and columnist in the country was denouncing House Republicans for "holding the country hostage" to their Tea Party demands, or whatever.  Many, including the Vice President, ramped up the rhetoric by comparing the GOP to terrorists. At stake was whether Congress would secure dollar-for-dollar offsets to President Obama latest debt ceiling increase request.  Democrats -- who at first insisted on a "clean" debt increase with no strings attached -- eventually demanded a deal that included huge tax increases.  Republicans refused.  Many painful machinations and meetings later,...