Reply #298: Price of tax cuts for the wealthy.

[hay rick]

If the price was "only" $140 billion, I might agree. Without checking, I assume that is the price for the two year extension. Of course, the deal was made with the foreknowledge that the Republicans would be taking control of the House. In the real world, part of the price of the extension is the near certainty that it will lead to another extension of the tax cuts for the rich at the very least.

The fact that the next extension is not yet signed into law does not indemnify its supporters from the probable costs that such an extension will likely incur.

And the tax cuts for the wealthy wasn't even the worst element of the compromise...that would be the payroll tax "holiday" which is being sold as stimulus but looks a whole lot like a Trojan horse attack on Social Security...