Patch Poll: What's the Best Way to Avoid the 'Fiscal Cliff?'
Tell us what you think is the best way for President Obama and Congress to work together to keep tax rates from rising and major spending cuts from being enacted in January.
Last year, Congress and President Barack Obama agreed to a program—now known as the "fiscal cliff"— to reduce the federal deficit. If Congress and the president don't reach an agreement within the next few weeks, tax rates will rise in January for almost all Americans and major spending cuts will automatically occur next year in most government spending programs. Democrats and Republicans don't agree about how to best raise the federal government's revenues. The president and most congressional Democrats favor tax rate increases on the wealthiest Americans. Most congressional Republicans call instead for closing loopholes and reforming the tax code. Both parties have indicated a willingness to implement spending cuts. A point of …
Mike Jones
8:05 pm on Thursday, December 6, 2012
My mom lost all of her stock in the bailout. She's still bitter about it, but she would've lost it anyway if they had liquidated without the bailout. She probably should've sold it in the 90s. Still, I'm thankful that the bailout agreement left some legacy money/health care for my grandmother, who is practically dependent on it today. more ›