In response to:

The Largest Tax Increase Since World War II

DSMike Wrote: Dec 28, 2012 3:23 PM
Neil - " I do agree that compromise is necessary but your post says that the Senate/President must bow to the wishes of the HR. Doesn't say that at all. Since the HR majority is controlled by one party and the majority of the Senate and President are of the opposition party, it seems to me that the onus is on the House to work with the other two branches to work toward a compromise." I did not say that they must bow to the wishes. I said that the house has passed many bills. It is up to the Senate at that time to bring them to committee to hammer out a deal between the two legislatures...Reid has not brought one bill to that level...and Obama has not used his influence to
DSMike Wrote: Dec 28, 2012 3:24 PM
bring Reid to task....so the house has done its part many times...the rest have obstructed or at least failed.
Neil99 Wrote: Dec 28, 2012 3:30 PM
DSMike-"It is up to the Senate at that time to bring them to committee to hammer out a deal between the two legislatures".

The legislative process is that the Senate doesn't take the HR bill and work on it. They produce their own bill and if it is different from the HR bill, a joint committee from both houses meets to hammer out any differences. The new bill is then passed through both houses- a subtle but very important difference from what you have posted. My point is that a bill that is patently not acceptable to the Senate and President is pointless.
DSMike Wrote: Dec 28, 2012 3:33 PM
Then they write their own bill and work out the differences...my point is that the house has been working...the Senate and the President have not.
Neil99 Wrote: Dec 28, 2012 3:38 PM
I'm sorry that I can't agree. Both houses of Congress and the President have had many proposals. They are all separate with their own ideas, just so happens that they can't agree. However since all Revenue bills must originate in the HR, they carry a greater responsibility to work with the other two branches for an acceptable law.
Neil99 Wrote: Dec 28, 2012 3:41 PM
DSMike-We've had a good, civil conversation, I've enjoyed it. I've got work to do.
DSMike Wrote: Dec 28, 2012 3:43 PM
And I say they have tried ti live up to that responsibility...and have been obstructed.
Fully going over the fiscal cliff would be the largest tax increase since World War II, according to the Tax Foundation and will result in the highest top tax rates in decades. They've composed a chart tracking marginal rates since 1954. Take a look at the end, and the size of the jump projected in tax rates:

Keep in mind that as rates have come down, average tax revenue has stayed roughly the same. Reforms to the U.S. tax code have given us one of the most - if not the single most - progressive...