Originally Posted By: The Italian Stallionette
I haven't read thru this entire thread but this is how I understand it. If tax cuts expire the end of the year, cuts actually DON'T go into effect immediately, giving the President the upper hand of letting them expire and putting the Republicans "on the spot" to DO something....LIKE compromise and letting only the cuts for the rich expire.

smile


TIS


TIS, SS and Medicare tax increases would be immediate. Withholding increases would require Congressional action to increase them.

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