The fiscal cliff is coming! If Republicans and Democrats don’t strike a deal by January 1, massive automatic spending cuts are triggered and the Bush-era tax cuts expire.
“In other words, we’re all going to die,” Stephen Colbert said on Wednesday. Many Republicans signed a pledge with Grover Norquist not to increase taxes. But Democrats think they might have a workaround: allow all the Bush tax cuts to expire at the new year, then vote for a middle-class tax cut.
“They’re thinking this will fool Grover Norquist,” Colbert said. “The Norquist cannot be tricked so easily. … Oh, the bearded one is vengeful.”
Watch the video:
| The Colbert Report | Mon – Thurs 11:30pm / 10:30c | |||
| The “Fiscal Cliff” Conundrum & Grover Norquist’s Tax Pledge | ||||
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