What the hell’s going on at NYT? First, they do a piece on Andrew Breitbart. Then they warn the world that Taxmageddon will crush the world in 2013, beginning with the USA.
Here's how Business Insider summarized the David Leohardt article:
Basically, with no changes to current law, taxes will rise for everyone, and after tax, inflation-adjusted income for the average American will drop to 1998 levels.
It's largest tax increase in the history of Western Civilization, and it will happen if Congress doesn't stop it. We could be looking at a 5 percent drop in GDP in 2013 alone.
Taxmageddon is the result of decades of borrowing to feed the entitlement monster. Only real entitlement reform will solve it.
The After Party will be at Crowne Plaza Grille at the Crowne Plaza Hotel in Clayton on Thursday, April 19 at 7:00 pm. Join us. Bring a friend.