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Thread: Tentative agreement reached on tax cuts

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    Tentative agreement reached on tax cuts

    Ezra Klein has a summary of the highlights of the tentative agreement Obama has reached with House Republicans. It could still fall through, but it looks like they have a deal for now.

    Ezra Klein - An imperfect, but not-that-bad, deal on the tax cuts

    Some of the highlights of the agreement:
    - Bush tax cuts extended for two years
    - Estates will be taxed at 35%, with the first $5M exempted, for two years
    - The EITC, child tax credit, and American opportunity tax credit are extended for two years
    - Unemployment insurance gets extended for 13 months
    - A 2% cut in the payroll tax paid by employees for one year
    - Businesses will be allowed to expense their long-term investments for the next two years


    Looks like a wholesale capitulation to the GOP to me. There's a lot of stuff that the GOP wanted, some stuff that everyone wanted, and really nothing that the Democrats wanted and the GOP didn't aside from an unemployment extension. Obama played his hand absolutely horribly here.
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    Re: Tentative agreement reached on tax cuts

    I guess we will just note that Obama is now Boehner's Bitch



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    Re: Tentative agreement reached on tax cuts

    A very sad day for America.

    And Turtle - Boehner did not mean crap to all this. His half of Congress was rolled. You can thank the rules of the Senate plus the goose stepping all in time by the Senate Republicans. Boehner is a joke .... but the joke is on the country. Boehner's dream would be to be somebody's bitch.
    Last edited by haymarket; 12-06-10 at 11:44 PM.
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    Re: Tentative agreement reached on tax cuts

    Quote Originally Posted by haymarket View Post
    A very sad day for America.

    And Turtle - Boehner did not mean crap to all this. His half of Congress was rolled. You can thank the rules of the Senate plus the goose stepping all in time by the Senate Republicans. Boehner is a joke .... but the joke is on the country. Boehner's dream would be to be somebody's bitch.
    Your misery means its a good day

    two more years where you dems cannot steal more money from our most productive tax payers.

    Obama is the joke



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    Re: Tentative agreement reached on tax cuts

    Quote Originally Posted by TurtleDude View Post
    Your misery means its a good day

    two more years where you dems cannot steal more money from our most productive tax payers.

    Obama is the joke
    yes indeedy - a good day for 2% at the expense of 98% because of the goose stepping GOP marching all together like freaking Nazi's with nobody daring to break discipline. Its sad and pathetic. The only thing more sad is the caving in of Obama on this.

    Obama could have nailed the GOP into a corner as the ass kissers of the rich for the next several election cycles. But he failed to pull the trigger and let a minority dictate to him. Really sad.

    I would hope the Dems learn from the Republican strategy - but they will not and Obama will continue to crash the ship upon the rocks hearing the siren song of bipartisanship. When you deal with vermin you exterminate them without mercy. Because Obama failed to do it now it only means it will be tougher down the line when it has to be done eventually.

    And make no mistake - there will be blood.
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    Re: Tentative agreement reached on tax cuts

    Quote Originally Posted by haymarket View Post
    yes indeedy - a good day for 2% at the expense of 98% because of the goose stepping GOP marching all together like freaking Nazi's with nobody daring to break discipline. Its sad and pathetic. The only thing more sad is the caving in of Obama on this.

    Obama could have nailed the GOP into a corner as the ass kissers of the rich for the next several election cycles. But he failed to pull the trigger and let a minority dictate to him. Really sad.

    I would hope the Dems learn from the Republican strategy - but they will not and Obama will continue to crash the ship upon the rocks hearing the siren song of bipartisanship. When you deal with vermin you exterminate them without mercy. Because Obama failed to do it now it only means it will be tougher down the line when it has to be done eventually.

    And make no mistake - there will be blood.
    there will be blood? is that some sort of threat? what are you gonna do-start a revolution. I got news for you buddy. its people like me who know how to use weapons-

    not leftwing radical schoolteachers who are mad that the rich aren't going to get as screwed over as you want.

    But knock yourself out trying

    it will be fun to watch



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    Re: Tentative agreement reached on tax cuts

    Quote Originally Posted by TurtleDude View Post
    there will be blood? is that some sort of threat? what are you gonna do-start a revolution. I got news for you buddy. its people like me who know how to use weapons-

    not leftwing radical schoolteachers who are mad that the rich aren't going to get as screwed over as you want.

    But knock yourself out trying

    it will be fun to watch

    2 versus 98 ... do you like those odds?
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    Re: Tentative agreement reached on tax cuts

    Quote Originally Posted by haymarket View Post
    2 versus 98 ... do you like those odds?
    Wrong silly. many of the smartest and hardest working people will side with the winners over the losers your side represents.

    and your masters are all in that top 2%

    feel free to start your revolution say 850 meters from my door.



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    Re: Tentative agreement reached on tax cuts

    Quote Originally Posted by haymarket View Post
    2 versus 98 ... do you like those odds?
    me and my wife versus 98 like you? Yeah that will be a piece of cake



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    Re: Tentative agreement reached on tax cuts

    from Turtle

    Yeah that will be a piece of cake
    Cake? Cake?


    Let them eat cake was heard before. And we well remember what happened.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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