“US ‘Fiscal Cliff’: Tax Crisis Pending At Year-End”

Dr. Michael LaitmanIn the News (from Euronews): “As the race for the White House enters its final stretch, another drama is also concerning US policy makers: a flood of tax rises and spending cuts all due to come into effect at the same time, known as the ‘Fiscal Cliff’.

“It leaves US politicians with a conundrum, as Roberton Williams of the Tax Policy Centre explained to euronews: ‘The argument is over the top two percent. Do we let the tax cuts expire for them or not? President Obama says, yes let them expire for the richest two percent because they can afford the taxes and we need the revenue. The Republicans are saying no, we can’t let taxes go up for anyone, particularly these rich folks are the job creators. We need them to keep the economy going.’”

My Comment: It’s nearing the end because no one has a solution, which is in the middle line, in the implementation of integral education and the transition to the economy of reasonable consumption.

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