What happened to the estate tax? Had to keep that at no tax on 10 million to create jobs?

[hfojvt]

27. that's what a losing negotiation is

Yes, tax rates would have gone up for all levels. The bottom 60% would have faced $800 billion in tax increases and the top 20% would have faced $3 trillion in tax increases.

The latter being something Obama REALLY wanted to avoid.

Permanent tax increases on the top? Compared to what? Obama did not increase taxes on the top - he cut them, including estate taxes. The top 1% was scheduled to have $1.2 trillion in tax increases. Obama reduced that to $600 billion, giving the top 1% permanent tax cuts of $60 billion per year plus.

If Obama was so worried about tax increases on those making $40,000 a year, he could have proposed tax cuts that would prevent that, and fought for them. He chose not to. He chose instead, to fight for tax cuts that favored the top 20%.

BTW - the original cutoff of $250,000 - it sucks the big one. It already favored the rich.