Tax hike for wealthy Americans won’t kill growth: CBO – Yahoo! News

Tax hike for wealthy Americans won’t kill growth: CBO – Yahoo! News.

A worthwhile read about the fiscal cliff and the potential effect of either extending all the Bush era tax cuts or extending them only for the middle class earners and below.  A critical piece of info seems to be missing here and that is the amount of revenue possibly generated to begin battling the deficit by these maneuvers.  Would be a good bit to chomp on as this debate continues.  But the crucial part to recognize in this article is the reality that a tax increase on the wealthiest in the country will not have much of an effect in the way of hurting the economy and other measures can be used to offset the smaller growth projected by it.

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