Let’s Talk Turkey: Busting Myths on Taxes, Social Security, and Medicaid in Time for Thanksgiving
Whether served as a side dish or not, politics always seems to wiggle its way onto the Thanksgiving table. And because your family may not agree on everything (or anything), we want you to be as prepared for them as you are for the big meal.
And now that the election is over, the public debate is all about the so-called "fiscal cliff," which refers to the combination of tax cuts and numerous other provisions set to expire at the end of December plus a series of automatic spending cuts scheduled to begin in January.
Contrary to what some commentators might suggest, however, the economy won’t immediately fall into a recession if Congress doesn’t reach agreement on all of these issues by midnight on December 31. Indeed, real and lasting damage WILL be done if Members of Congress allow misguided fears to pressure them into a bad deal that cuts programs vital to women and families and fails to make the wealthiest among us pay their fair share in taxes.
MYTH: If we raise taxes on the richest 2%, it will kill jobs.
MYTH: We have to cut Social Security or it won't be around for future generations.
Myth: Medicaid is worse than no coverage at all.
And now for dessert...
We hope your Thanksgiving dinner full of peace and love, but just in case Uncle Bob insists on sharing the blather he heard on talk radio this week, you now have the actual facts about our fiscal situation. Be gentle, be polite – but be prepared. You might just change a few minds! And that’s just as sweet as Aunt Edith’s pecan pie, hot out of the oven (yum).
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