Well, it looks like we’re not going to go over the fiscal cliff.
There’s a reason why I haven’t been writing about the subject up and until now and it’s mainly because I’m too disgusted by the whole mess. Plus, it was all so predictable.
Everybody knew that House Speaker John Boehner was going to cave to President Obama’s partisan demands for “responsibility.” So it’s no surprise that’s exactly what happened, with “$1 in spending cuts for every $41 in tax increases,” according to Breitbart.
$41 to $1. That’s not a concession; that’s an intentional slap in the face… insult on top of injury. It’s condescending and completely unhelpful, even ultimately to the groups it pays big-time favors to.
Favors like tax breaks and grants to organizations like electric motorcycle makers, algae growers, NASCAR, railroads and even Hollywood. ABC News notes the latter received perhaps the biggest bundle at $430 million worth of “‘special expensing rules’ to encourage TV and film production in the United States.”
So much for the “one-percenters” paying their “fair share.” At least, not all of them, since Hollywood is obviously such a productive portion of American society that it should get special perks over other industries. [Please note the heavy sarcasm.]
Meanwhile, under the Senate’s side of the budget deal, Bloomberg reports that “More than 80 percent of households with income between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.”
Fortunately, even after working for my current company for over five years, I still get paid well under that limit, so my taxes shouldn’t be going anywhere. But unlike far too many liberals and politicians, I actually care about my country outside of myself…
And this so-called fiscal cliff deal? This is going to be bad for everybody.
That’s what happens when you re-elect a President who doesn’t want to play nice with anything but his arrogant, insupportable, destruction-set agenda.