Fiscal Cliff and Bush Tax Cuts Stirring Republican Civil War

The Bush Tax Cuts have been the spotlight of fiscal cliff negotiations. Sure, there are plenty of other bargaining chips on the table, but none is more spoken of than what to do with the expiring 2001/03 Bush era tax cuts. It’s not a yes/no debate, either; with President Obama winning re-election only one thing is certain – they will expire for some income earners, or no deal. The question then is for what income thresholds, for how long, and what specific deductions should be rid of and for