Wed Jan 2, 2013, 08:13 AM
reformist2 (6,462 posts)
The deal, in a nutshell: The only change most people will see is a 2% cut in their paychecks.
The tax increases on the wealthy are less than most of us expected, and the spending cuts to defense are delayed yet again. On the flip side, spending cuts to Medicare and SS and other safety net programs are also delayed, for now.
My comments: I suppose I should applaud Obama and the Dems for the "win" on getting tax rates to increase for the wealthiest Americans, but I can't help feeling a little disappointed. Change in this country comes at a glacial pace.
9 replies, 978 views
The deal, in a nutshell: The only change most people will see is a 2% cut in their paychecks. (Original post)
|Buzz Clik||Jan 2013||#1|
Response to reformist2 (Original post)
Wed Jan 2, 2013, 08:16 AM
bowens43 (15,240 posts)
3. Democrats have now validated
the republican/conservative bullshit that tax cuts stimulate the economy.
We have embraced the economic bullshit pushed by Reagan, Bush and Grover Norquest. We have out bushed bush.
Response to bowens43 (Reply #3)
Wed Jan 2, 2013, 08:49 AM
CJCRANE (16,689 posts)
8. Not really, this is "middle out" not "trickle down".
Middle class tax cuts, not tax cuts for the rich.
The rich don't spend their surplus cash so giving them tax cuts (to stimulate the economy) is pointless.
Response to reformist2 (Reply #7)
Wed Jan 2, 2013, 09:08 AM
riqster (12,115 posts)
9. We also kept unemployment bennies coming,
...an AMT patch (whew), child tax credits, and other important items.
Not perfect, but the best deal we have gotten in about 13 years.