Democrats Threaten to Plunge Nation Back Into Recession with Tax Hike

WASHINGTON – The Congressional Democrat leadership has announced that it is willing to “go over the fiscal cliff” if their GOP colleagues do not agree to raise taxes on the nation’s job creators (business owners and investors).

Democrats are making increasingly explicit threats about their willingness to let nearly $600 billion worth of tax hikes and spending cuts take effect in January unless Republicans drop their opposition to higher taxes for the nation’s wealthiest households.

Emboldened by signs that GOP resistance to new taxes may be weakening, senior Democrats say they are prepared to weather a fiscal event that could plunge the nation back into recession if the new year arrives without an acceptable compromise.


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