Just in case you are misinformed and think Obama is costing you more in taxes than previous presidents.
Almost as soon as the 2012 Presidential election was called for Barack Obama, the media and collective punditry turned their attention to another issue, the so-called “Fiscal Cliff.” (Sounds scary, doesn’t it? Picture Harry Reid and John Boehner driving a convertible armored car, Thelma and Louise style….) It’s important to dial back the drama and look at what’s really going on with the Federal budget. The current situation is called a cliff because of the steep reductions in the deficit that will be triggered if no other action is taken before December 31. Am I the only experiencing déjà vu here caused by obstructionist Republicans? Many automatic spending cuts will begin; various safety net and stimulus funds will diminish or end (such as unemployment benefits); tax rates for all Americans will go up.
Taxation is the issue which will matter the soonest and has become the sticking point in the current…
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