Breitbart.com is reporting that an overnight bill passed in the Senate will cut $1 for every $41 raised in taxes. The new taxes aren’t supposed to hit anyone earning less $450,000 per year, however taxes will increase for nearly everyone over the coming years, as the Affordable (sic) Care Act is phased in. In the same way the Affordable Care Act won’t make heathcare affordable in the long run, this new Senate bill, entitled the “American Tax Payer Relief Act,” won’t relieve American tax payers. I forget who said it, but someone onced noted that in dealing with Washington, one must always assume that a bill will have the opposite effect of its title.
I rarely predict anything, but I’m almost certain this will pass the House in the coming days. Afterwards, we can all relax and not have to hear any more about a “Fiscal Cliff,” or debates over taxes and who is or isn’t paying their fair share, the debt ceiling, or any other money games from the Feds. Democrats and Republicans will join hands and partisanship will be a thing of the past.