Tax increases with 9.2% unemployment is out of the question. Down the road, it will be critical to raise revenue to the point where it falls in line with the historical average of 18.5% (it is at 15%). But until the labor market shows some real positive momentum, tax cuts are as likely to lead to recession as spending cuts.
They should get about 2/3 at best. On a per dollar basis, it is more along the lines of 57%, but the elderly population is the largest single voting demographic (with any meaning). Appeasing these voters is critical for job security if you are a politicianSo on august 2nd, folks will get about 70% if no deal is passed?