Obama's Soak-the-'Rich' Tax Hikes are Worse than the Fiscal Cliff | Daniel J. Mitchell | Cato Institute: Commentary

Obama's Soak-the-'Rich' Tax Hikes are Worse than the Fiscal Cliff | Daniel J. Mitchell | Cato Institute: Commentary: "The good fiscal cliff is the so-called sequester, which is the inside-the-beltway term for automatic spending cuts. These aren't really spending cuts, just reductions in the growth of spending. If the sequester takes place, total federal spending will climb by $2 trillion over the next 10 years instead of $2.1 trillion."