Fine. If Obama wins re-election (God forbid) the Republicans can refuse to change the bill then the fiscal cliff will be all his to fall over. If Romney wins then the pubbies will have to figure out if they think he can deal with the fiscal cliff, and if not they can give in and revise the bill later on.

America is ready to veto 0bama...

Go Ahead, seal the deal.....then it will be a matter of time....tax hike all they got and it still isn't enough, somewhere people will see the math..I hope

Why do I have a vague sensation of dread that Barry won't leave, regardless of election results ?

Isn't our side entitled to our own rendition of "The Office of the President-Elect"...?

I remember Bush taking the high road and letting the newly elected community organizer (minted seal and all) share the levers of control well before the inauguration in January.

Wait for this discussion 'til after the election. Let the 'fiscal cliff' occur if Zero forces it through his lack of understanding and ego. NO compromises! There'll be quite sufficient pressure after that to encourage all sorts of Congressional action. And going over the cliff will be laid at the feet of this current administration. Meaning pick your favorite. This administration or the Senate. Either one exemplifies all that has been a cancer in government.

And Obama says that Romney has a "One Point Tax Plan"?

I can just see the five Romney sons carrying a recalcitrant Obama, kicking and whining, out of the White House. Delicious.

One last attempt at punishing the rich right before the election to keep the base happy. Obama probably does have the republicans over a barrel at present but that depends on whether he gets re-elected. If he loses,it'll show people have rejected his policies and he may as well just go back home.

Taxing the rich won't do one damn thing to change the direction of the country,it's done out of pure political class hate.It'll never sink in with the left that poor people don't create jobs.

Personally,I'm open to see something done on capital gains because the system is being exploited by people like Buffet.A guy gets up and busts his butt 60 hours a week and pays 35% while Buffet sits on his fat ass and pays virtually no taxes.If you make over 5 million a year in capital gains,you should pay a minimum tax,regardless of write offs.

You have Wall St, fat cats profiteering off Bernake's money pumps and then writing their tax liability down to pay crap in taxes.

#8, Obama won't be much of a problem at all...he obiviously hates the job because it morphed from rock star to actually having to put in a days work...something he's NEVER done. On the other hand, his wife and her entourage will probably chain themselves to the marble columns in an attempt to keep the free high life going.

would it be legal for a President to veto legislation while residing in a country with which we have no extradition treaty?

Dear Wife says obama will go out kicking and screaming. Alex, I'll take "Recession in 2013" for a thousand.

I remember how the Clintons dragged it out on their last day by taking WH furniture and silverware and performing a farewell ceremony as they boarded their ride home for the last time. Bill really loved that gig.

Obama will miss it too, and I hope he leaves enough stuff for the next administration to continue the task of fixing the mess we are in.

BTW, I'm all for low cap gains tax, and zero cap gains tax. Doesn't bother me a bit that guys like Buffet pay a low rate on that.

1)Cap gains tax is just the small fee you pay on money saved up. How much tax do you pay spending save up money on vacation? on restaurants? on going to football games. You pay whatever the sales tax is, or maybe no tax. So if you save and invest, why a huge penalty for being frugal? Without investors, we would be screwed. One of the reasons Third World countries are poor is because they have no investors.

2) raising the cap gains tax would bury U.S. forever into a low growth country (like Greece). One of the major reasons the U.S. has always had such large and easy wealth has been high GDP growth (which few countries have). So raising Cap Gains tax just to make low income people "feel better" is the like the old saying "bite your nose to spite your face"