General Discussion
In reply to the discussion: "White House officials gave in on the last issue...yielding to GOP wishes" (updated) [View all]unblock
(52,427 posts)in fact in principle all tax thresholds and brackets should increase with inflation, so i don't really have a problem with that aspect of it.
what i have a problem is the level. $5 million is so far above where it should be that indexing it is just noise. eventually a more rational congress can make it something more reasonable, like $2 million or better yet $1 million.
and at some point, you don't want it to become the next generation's amt problem.
and giving them a 2-month extension instead of a full year? again, i'm not sure that matters because they were going to hold the nation hostage anyway over the debt limit, and whether it was a 2-month or a full year extension, it was going to have to be solved.
yes it's not good for our side and might work in their favor, but i don't see it making all that much of a difference in terms of negotiating.
remember that this means that defense gets cut in 2 months as well, which is something republicans really don't like.