WASHINGTON – President Obama on Tuesday rejected a GOP offer for avoiding the so-called fiscal cliff and underscored his refusal to accept any deal that does not increase income tax rates for top earners.
Well, how about this compromise. More significant entitlement cuts in return for an agreement to allow those small tax "increases" (actually, allowing temporary cuts to expire). In other word, an actual compromise.
Or is that verboten
? Most evidence that I've seen suggests that the tax cuts on the upper income levels do very little, if anything, when it comes to investment and job creation.
This post was edited on 12/5 at 7:05 am