The Deficit Reduction Commission will have its proposals back as soon as the election is over. It is intentional. They don't want to drop off a politically unpopular set of proposals before the election, lest voters reject people who support them.Instead, they'll have the package of tax increases out right after the election.Congress will have a lame duck session to vote on them, banking on the high number of losers in this November's election to get the recommendations passed.How do I know?I've received a copy of the congressional schedule. Here it is:
In session: September 13 to October 8 Out: October 11 to November 12 In session: November 15 – 19 Out: Week of November 22 (Thanksgiving week) In session: November 29 – ?
There is no note that the November 29th meeting will be "as needed" or "if necessary." It's a done deal. Members of Congress are being told to put it on their calendar.Hello Lame Duck Session. Hello tax increases.