As part of the discussion about the budget time bomb that Congress tied around itself, and the rest of us, is a debate on what to call it. Is it a fiscal cliff or more like a fiscal slope (and a slippery one at that)? Maybe it's gone to another stage: a fiscal surrender.
Forget corporate tax reform. My guess is that once the President gets the surrender, he forgets all about corporate tax reform. First, he's not a tax reformer. Second, he and his army view corporations as major funders of the opposing forces.The operative term in all this, of course, is "my guess." But there's a cold reality to all this that the GOP forces are going to simply have to accept: they've lost, and that brings consequences. Here's another guess: the sulking will begin soon.
View taxanalysts® Chris Bergin's opinion in its entirety on The TaxAnalysts Blog
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