Great news for middle class!
The middle class will benefit from Bush tax cuts made permanent, the AMT reformed and indexed to inflation permanently, estate tax indexed for inflation for upto $10 million, and for investors, the capital gains and dividend tax permanently set at 15% for incomes under $450k.
But there are ZERO spending cuts in this bill! That is bad!
Obama has routed the republicans. He has a free reign for the next two years.
There's plenty of pork though. This bill actually INCREASES the debt, even with the tax increases.
How so? How is it great news for the middle class to see their children enslaved paying other peoples' bills? How is it great news for the middle class to see a mountain of debt piled upon their backs? Perhaps you define "great news" as "whatever is good for the GOP establishment".