Most people here probably knows the fiscal cliff (increase in taxes and reducing government spending) but is a single thing that has been bugging me for a while.
Why are both parties even negotiating (read below for further explanation of my question)?
So democrats want to let the Bush tax cuts expire on people above 250.000 dollar
Republicans want to extend cuts for everybody
So why do they even have to cut spending (ignoring the argument if spending is to much or not) if thought their wouldn't be spending cuts if they extended tax cuts for everybody (hope I made myself clear).
So I fail to see any connection between
raising taxes on the rich (which technically isn't true) and spending cuts
and not raising taxes and cutting spending
The whole ''cut spending'' discussion wouldn't even exist if they extended tax cuts to everybody.
So Democrats have to agree on reducing spending if they only want to keep the tax cuts for people making below 250.000 but if they agreed to tax cuts for everybody then would their still be spending cuts?
PS Let me make the following thing clear, I'm not arguing to extend tax cuts for the rich just wondering why non of the media is even asking this quesiton .