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    Idea for Avoiding the Fiscal Cliff: 4 X 4 X 4

    How about this idea for 4 year plan:

    • 4% across the board income tax surcharge for all taxpayers regardless of income bracket
    • 4% across the board reduction in real spending (not projected increases in funding) for year one
    • In each subsequent year, total real spending has to decrease an additional 4% (it doesn’t have to be 4% across the board though)
    • At the end of 4 years, the income tax surcharge expires automatically
    • If in any year, total real spending doesn’t decrease 4%, the Income Tax surcharge is suspended
    • If in any year, total real spending doesn’t decrease by 4% the permanent base pay of members of congress, congressional political staffers, POTUS, VPOTUS, and executive branch political staffers decreases by 4%

    Its better then the cliff. Also a “4 year” plan sounds like a “5 year” plan so the lefties should like that. I think Instapundit’s  ideas should be included as well.

    Call it the Purpleslog 4 x4 x 4 Plan.

     

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