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Are We Jumping Off the Fiscal Cliff…Or Is Obama Pushing Us?

Are We Jumping Off the Fiscal Cliff…Or Is Obama Pushing Us?

Posted on October 21, 2012 by Dan Mitchell

Obama has repeated once again that he will throw the nation off the fiscal cliff if Republicans don’t capitulate to his demands for class-warfare tax hikes.

This is a serious topic worthy of weighty analysis, but I don’t really have anything to add to what I’ve written before – particularly with regard to the threat of a Bowles-Simpson package of real tax hikes and make-believe spending cuts.

But I did see this new cartoon, which is funny in part because it’s a good follow-up to this great Ramirez cartoon.

Click here, by the way, if you want more serious analysis of this issue (as well as another good fiscal cliff cartoon).

And if you want to know the right approach, that’s simple. Take the sequester and then tell Obama that no tax cuts get extended unless all tax cuts get extended.

Republicans managed to win in 2010 with that position, even though they didn’t control the House and only had 41 seats in the Senate, so surely they can prevail again now that they have much more power.

Assuming, of course, that they actually want to reduce the burden of government spending.


Class Warfare fiscal policy higher taxes Humor Obama political humor tax increase Taxation
October 21, 2012
Dan Mitchell

Dan Mitchell

Dan Mitchell is co-founder of the Center for Freedom and Prosperity and Chairman of the Board. He is an expert in international tax competition and supply-side tax policy.

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