It should be obvious to anyone who follows the news even cursorily that the biggest issue in Washington right now is the matter of the upcoming “fiscal cliff.” If this seems like an overly dramatic expression, it’s because the issue itself is extraordinarily dramatic and, if allowed to transpire, threatens to unleash a host of…
Tag: Taxes
Buffet’s Tax Problem
This Letter to the Editors was submitted by Will Merickel, a Sophomore at Concordia College. Recently, President Obama has brought forth a $3 trillion deficit reduction plan that would take around a decade to go into full effect. The deficit reduction proposal would cut benefits toward Medicare beneficiaries and military retirees, raise $1.5 trillion in…