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compromise with Congress on preventing the fiscal cliff.

Created by S.S. on November 15, 2012

The economic future of our country and its citizens is being threatened by the political brinksmanship being played by Congress and the President. This needs to stop.
We the people recognize the need for shared sacrifice, and demand the immediate adoption of the following compromise solution to the "fiscal cliff" problem:
- Cut discretionary spending across the board by 2% in 2013, and 3% per year for each of the next 4 years.
- Increase all federal income tax rates by 1% each year for the next 4 years.
- Increase long-term capital gains tax rates for households making over $500,000 per year by 4% over the next 2 years.
- Gradually eliminate the allowance for "carried interest" over the next 4 years.
- Decrease the child tax credit 10% per year over the next 2 years.

Budget & Taxes
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