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

Scott166 Wrote: Jul 16, 2012 7:03 PM
And in less than 30 days tax reform gets done and the rates become permanent. - hopefully.

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,...