In response to:

Bill Kristol Encourages Flexibility on Taxes

Ryanator2012 Wrote: Nov 12, 2012 4:48 PM
Letting the Bush tax cuts expire for millionaires and billionaires will generate $42 BILLION per year in revenue: "Letting the high-income Bush tax cuts lapse, for example, generates $42 billion in 2013 but hardly hurts GDP at all. By contrast, the defense cuts amount to $24 billion but hurts growth by 0.4 percent — quadruple the high-income cuts’ impact." http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/11/08/cbo-letting-upper-income-tax-cuts-expire-would-barely-hurt-economy/
nawlins72 Wrote: Nov 12, 2012 5:51 PM
"Letting the high-income Bush tax cuts lapse, for example, generates $42 billion in 2013 but hardly hurts GDP at all. By contrast, the defense cuts amount to $24 billion but hurts growth by 0.4 percent — quadruple the high-income cuts’ impact."

Typical Klein. Notice "but hardly hurts GDP at all"? Really? So give us the actual figure instead of brushing it under the rug. And defense cuts "hurts growth by 0.4%" can be construed as "hardly hurts GDP at all" as well.
Weekly Standard editor Bill Kristol said yesterday on Fox News Sunday that a more mature conversation must be had on the U.S. Fiscal Cliff - the set of deficit-shrinking policies scheduled to take place at the end of the year that would both cut government spending and raise taxes.

“I don’t really understand why Republicans don’t take Obama’s offer to freeze taxes for everyone below $250,000 — make it $500,000, make it a million,” Kristol argued. “Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom...
Related Tags: MSM Taxes Fiscal Cliff