Preventing Taxmageddon Is Congress’s Summer Job

Conventional wisdom says that Congress and the President will get nothing done in 2012 until after the elections. Conventional wisdom appears to be at least mostly correct, but in one respect Congress should not fall prey to conventional wisdom: preventing Taxmageddon. Too much is at stake for families, jobs, and restoring limited government: Congress should heed the advice of House Speaker John Boehner and Senator Jon Kyl to act before the November election—and preferably this summer—to prevent Taxmageddon, the nearly $500 billion tax hike bearing down on America’s families and businesses.

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