Agree totally, eventhough the higher rate will affect me personally.
If they just extend to $250K then that is fractional income so if you earn $300K then the higher rate is on the $50K, is my understanding, not the first $250K.
I am not saying that is great policy as it obviously will deter some from earning the extra $50K
Now even if House Rs extended it to say $300 or $500K as Buffet now recommends then they still would improve their chances of not suffering another humiliating defeat by O as with last years FICA standoff (and you know they gave in to him after that anyway)
And why should they go on record as raising any taxes when-that is unnecessary?
To me it seems like they are playing an empty hand of not even pairs against O who has lined up all the aces on this one.
I cant even fake surprise at the coming outcome, its too predictable.