Stepping over the tax cliff

[Draggingtree]

NetRightDaily.com:

Stepping over the tax cliff

28.11.2012in Big Government, Congress, Featured, Politics, Senateby Rick Manning

By Rick Manning — Democrat Senators and President Obama have been spending a lot of time worrying about the so-called fiscal cliff, and you would think that they would be gushing with new ideas or even identified budget areas that could be cut.

But no, with the exception of Sen. Dick Durbin’s meek, entitlement discussion where he urged saving money but not changing anything about the program, little has been heard from Democrats beyond the standard demand that taxes be increased.

Into the breach, Republican Senators Lindsey Graham (R-SC) and Bob Corker (R-TN) broke ranks with other Republicans by announcing their support for plans to limit the total amount of tax deductions one can claim; effectively raising the amount of money some people would pay. In Corker’s case, he has even gone so far as to introduce legislation that would raise taxes by more than a trillion dollars over the next 10 years using a combination of a deduction cap and other manipulations that would throw more people into higher tax brackets.