Hope in the Face of the Fiscal Cliff | Capital Commentary

Hope in the Face of the Fiscal Cliff | Capital Commentary by Michael Gerson.  MGB: Sequestration is only on the table if they kick a deal on taxes down the road.  It does not make sense to describe both of these taking place automatically.  If a deal were made on taxes, the sequester would be cancelled.  Only if the tax part can't be agreed to will the sequester take effect.  Additionally, it is not the case that tax increases always increase revenue.  Indeed, when Clinton raised taxes on just the wealthy, growth went up.  In addition, if most workers were to face a tax increase, most employers would offset it with an increase in gross wages.  No one likes an under-motivated workforce.