https://hotair.com/headlines/archives/2012/12/13/fixing-the-tax-code-at-the-cliffs-edge/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 07:38:34 -0400<![CDATA[The cliff, an action-forcing mechanism, could cause a constructive chaos of questioning. Is it wise to increase taxes as student debt passes the $1 trillion mark, dampening graduates’ powers as consumers? Two-thirds of them have mini-mortgages (average debt, $27,000). Is it wise to increase the top tax rates, which are paid by small businesses with more than half of small-business income, just as the Obamacare tax (called a mandate until Chief Justice John Roberts’s clarification) produces many “49ers”? Those are businesses that stay below the 50-employee threshold for providing insurance or reduce full-time employees to part-timers. A defense sequester could raise questions about whom — Denmark? Poland? — our 54,000 troops in Germany are protecting Germans against.]]>Thu, 13 Dec 2012 16:00:02 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2012/12/13/fixing-the-tax-code-at-the-cliffs-edge-n98258