Falling off the “fiscal cliff” will occur if no agreement is reached between the White House and Congress by Dec. 31. Bush-era across-the-board tax cuts will end, and the average middle-class family will be faced with what Democrats estimate to be an annual tax increase of $2,200.
Almost a century ago, Justice Oliver Wendell Holmes Jr. said: “Taxes are what we pay for civilized society.” Civilized society includes our common defense and general welfare, highways and schools, police and nursing homes and much more.
President Obama has asked us to tell our elected representatives how we want them to act on the “fiscal cliff” issue.
I did. Did you?