Now they are saying a deal is within reach on the "fiscal cliff" but it sounds like the deal totally abandons the notion of deficit reduction in favor of the shiny ornnaments of so called middle class tax cuts and restoration of spending slated to be cut under 'sequestration'.
No where is there discussion of the fate of the FICA payroll tax which is due to revert to 6.2.% after a couple years at 4.2%.....Just what did that reduction accomplish ?
Now people who get a little year end raise from the boss will know it will all go to Washington. Those not in line for a raise will have to tighten the belt a little in 2013.
Agreement within reach on ‘fiscal cliff’ deal - The Washington Post