CSPAN2 Book TV December 30, 2012
The Financial Markets and puts the people ahead of politics, and we have to deal with these tax increases and spending cuts in a humane and tolerable way. The calm act does all of that. Look what happens to people in need if we go over the cliff and just do nothing. On new years day, the lowest income tax rate will jump from 10 back to the clintonera rate of 15 . Thats a pretty big financial bite for people in West Virginia and i know in ohio, too, sir. These are people that are struggling right now. Instead of an overnight tax hike of 5 , the calm act smooths the transition by phasing in incr...