Should We Jump Over the Fiscal Cliff?

Video 5

The Stir

In this week's Moms Matter Google Hangout, The Stir writers Jenny Erickson and Adriana Velez joined me for a discussion on the so-called fiscal cliff -- a set of automatic tax hikes and spending cuts that will start on January 1 if there is no agreement between the White House and the House of Representatives.

Jenny, as many of you know, is a conservative Republican. Adriana recently went to the White House for a blogger briefing on the fiscal cliff from the Obama administration's perspective. See what they had to say after the jump.

Interesting perspectives from both sides, don't you think?

Here are some things to think about as the White House and the House of Representatives square off:

-It is estimated that the average American family will face a $3,500 tax hit if a deal isn't reached by January first.

-A series of surveys conducted by The Huffington Post shows that by huge margins, Americans favored raising taxes on household income over $250,000 a year, and they are also in favor of increasing taxes on capital gains.

- Another new survey shows that despite this fiscal cliff business in Washington, 43% of Americans say they are optimistic about the economy in 2013.

Earlier today, I asked fans on our Moms Matter Facebook page to tell me if they're worried about the impending fiscal cliff. Here's what some of them had to say:

I am not wealthy. I still work and love my country. I am proud of those that invested in companies to build them. They took the risk and now we want to diminish them. Shame on us.

-Brenda

 

We put ALL of you in Washington to do what's best for the country NOT to sell us down the river for your own gain. Now put your egos aside and get to work.

-Deb

 

To think that keeping the rich from paying their share in taxes will allow them to drop bigger crumbs for all of us is insane. Trickle down hasn't produced any more jobs. I am glad our president isn't backing down. People want to blame Obama for driving us over the cliff but keep in mind, the republicans are willing to do the same thing and their only driving force for this is to keep the rich rich.

-Melissa

 

Cut the spending, set a budget and stick with it. Cut the loopholes, set a fixed tax rate (9%) for all. You can't expect the top 10% of earners to pay 75% of all taxes LIKE THEY ALREADY DO and the lower 50% earners PAY NOTHING. More taxes means MORE GOVERNMENT SPENDING.

-Heather

That's what a small sample of our Facebook fans think -- what about you? Share your opinions on the fiscal cliff and the solution to our debt/deficit problem in the comments!


white house, politics