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LOL wrote:
And hopefully remove some of the uncertainty around tax-refunds that would be expected in February-April... A LOT of people do their Christmas shopping expecting to offset it with their refunds. If they don't think they're going to get them, that could have a huge impact on the economy during the shopping season...
What does any of the current tax/fiscal cliff negotiations have to do with 2012 taxes or refunds in Feb-April 2013? Those are already determined by 2012 policy and income earned in 2012.
The amount of misinformation and misunderstanding of taxes and economics on these forums is staggering sometimes. Usually from the progressives who are "so much smarter" too.
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