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Showing Original Post only (View all)Senator Tom Harkin: No Deal Is Better Than The Deal Being Negotiated [View all]
Video at the link. GO HARKIN!
There are reports that the White House is preparing to offer a deal that would only end the Bush tax cuts on incomes above $400,000 and while enacting a watered-down estate tax. These measures offer a major tax cut to the rich over what is currently set to take place in 2013.
Senator Tom Harkin (D-IA) took to the floor just now and denounced this sort of deal:
HARKIN: Mr. President, I was disturbed to read in The Washington Post this morning that some kind of agreements are being made here. Somehow that democrats have agreed to raise the level of, from $250,000 to $450,000, and that somehow theres been an agreement reached that we would keep the estate taxes at the $5 million level, at 35%. Mr. President, this is one Democrat that doesnt agree with that at all.
[...] Again, if were going to have some kind of a deal, the deal must be one that really does favor the middle class, the real middle class, those that are making $50,000, $60,000, $70,000 a year. thats the real middle class in america. As I see this thing developing, quite frankly, as Ive said before, no deal is better than a bad deal. and this looks like a very bad deal the way this is shaping up.
Read more, watch it: http://boldprogressives.org/senator-tom-harkin-no-deal-is-better-than-the-deal-being-negotiatied
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Senator Tom Harkin: No Deal Is Better Than The Deal Being Negotiated [View all]
Report1212
Dec 2012
OP
I am not seeing the reason to be outrage. No cuts to SS or Medicare and some tax increases on rich
stevenleser
Dec 2012
#2
What the OP says is contradictory on that point. It says taxes on the rich are being raised to 39.6%
stevenleser
Dec 2012
#5
No, chain CPI would have been an abject surrender. No tax increases on the wealthy would have been
stevenleser
Dec 2012
#18
OK, so I barely earned a (on edit, small) fraction of it (in my best years), but . . . .
JDPriestly
Dec 2012
#55
Sources are saying that an extension of unemployment benefits will be a part of this deal.
totodeinhere
Dec 2012
#51
Does anyone know if the president has even met with the progressive caucus about this?
Doctor_J
Dec 2012
#40
we need to start over and have the American people start calling the shots
No Compromise
Dec 2012
#43
I think it more likely that a Republican such as Rand Paul or Mike Lee might stop it.
totodeinhere
Dec 2012
#52
That's why politicians invented back rooms and "closed door" meetings.
Tierra_y_Libertad
Dec 2012
#57