Letting all of the Bush tax cuts expire was in Obama’s plan all along - it was how he planned to pay for ObamaCare. The $250K was an empty promise to the middle class.
Coming Jan 1.
All income tax rates will shift up. Bush tax rates expiring
From the medical industry takeover we will see:
Cap gains will go from 15 to 30%
Divdends will go from 15 to 40%
The AMT will not get the patch to index it.
The child tax deduction will go from $1,000 to $500.
Add to that, obama’s debt reduction commission will probably propose a VAT.
The current crop of demonrats are loyal to their party, not to this country. I really believe that they are going to worsen the depression so that republicans can be blamed because they are the ones in power. The dims are sick evil and twisted people. It’s all about power to them.