A Very Simple Plan To Avoid the Fiscal "Cliff"
The Ringleader 3-Point Plan:
1. Give Obama the tax increases for wealthy individuals spread out across 8-years (going up .9% every two years until it reaches the full 3.6%).
2. Enact meaningful spending reforms that takes effect immediately and serves as a trigger for each tax increase above.
3. Enact meaningful tax reform with small business taxes reduced across the board and a benchmark to define what qualifies as a small business. For too long Democrats AND Republicans have been too unwilling to carve out this definition.
Politically, it gives the GOP some cover (it's less than a 1% increase, requires reform, requires spending cuts) while giving Obama what he promised. And fiscally it could actually bring capital to the market from those who are actually employing people and not hiding behind the 'S' Corp designation. It wouldn't be perfect and some people would try to skirt it, but it would work for most, benefit business growth and provide encourage capital investment, and actually force some real change to entitlements and spending.
Thoughts on how to make it better?