Quote:
Originally Posted by weewilly
We will go over the cliff. The Bush cuts expire. House and Obama agree on a tax cut on the new rate that will bring taxes back to the level that were. Income limit will be between 400k and 1 million dollars. Other parts of the deal will be limiting some tax breaks. Extending the age to 70 to collect Social Security. Limits on Medicare.
This will give both sides the right to declare victory
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not quite. they will agree to another panel to make recommendations on changes to social security and medicare.