Kiplinger Expects Obama to Extend All Bush Tax Cuts for 2013

Kiplinger Tax Letter expects Obama to agree to extend all of the Bush tax cuts for 2013 because “Failure to come to agreement on these would spook the markets … and … tip the economy into recession.”

What, the markets aren’t spooked enough already with a Communist in the White House?  A lot of us concluded long ago that the occupant of the White House is trying to destroy the economy.

Of course anything could happen, but my crystal ball says: No agreement, and the estate tax applicable exclusion falls to only one million dollars, making just about anyone with a life insurance policy a large estate.

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