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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOLDMAN: Obama Will End Up Extracting A Little More Than $800 Billion From The Rich
GOLDMAN: Obama Will End Up Extracting A Little More Than $800 Billion From The Richby Rob Wile at Business Insider
http://www.businessinsider.com/goldman-sachs-on-obama-taxes-for-wealthy-2012-11
"SNIP.............................................
Of course, President Obama is unlikely to run the table on getting each of these passed.
So here's what Phillips thinks will really happen:
The agreement that policymakers will (hopefully) reach before year end seems likely to involve an increase in tax rates from current levels and it could also involve a limitation in tax preferences. Our fiscal assumptions for 2013 include a tax increase equivalent to allowing the upper income tax cuts to expire. This amount--$56bn in 2013 and a little more than $800bn over ten years--is halfway between the President's proposals and what Republicans would prefer.
The White House seems likely to succeed in raising at least this much revenue, though it remains to be seen whether it will come in one agreement at year-end, or a two-stage process involving a debate on more comprehensive tax reform next year.
............................................SNIP"
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GOLDMAN: Obama Will End Up Extracting A Little More Than $800 Billion From The Rich (Original Post)
applegrove
Nov 2012
OP
Hey Goldman...Would you rather that we extract $800 Billion from the poor and middle class?
Auntie Bush
Nov 2012
#2
benld74
(9,881 posts)1. I can recall the Rethugs beginning small as well,,,,,
Auntie Bush
(17,528 posts)2. Hey Goldman...Would you rather that we extract $800 Billion from the poor and middle class?
mucifer
(23,324 posts)3. Their answer, of course, would be "hell yeah!"
Their guy lost the election so lets hope we get more than 800 billion.
moondust
(19,896 posts)4. A fraction of what the rich have extracted from everybody else, no?
It'll make a good down payment.
msongs
(67,129 posts)5. unlikely to "run the table" or unlikely to try nt