Great news for the middle class. The Bush tax cuts were all expiring, but are now made permanent. I am admiring McConnells negotiating skills to get this done. AMT gets indexed, Death tax gets indexed, capital gains & Dividends at 15% rate permanently. All good for middle class....absolutely right - never again will Obama and the rest of the 'rats be able to use these as bargaining chips to push 'pubs around (although of course they'll push them around in other ways) - except that they couldn't stop raises in tax rates for the upper 1.5% of earners (which can be lowered again in the future) this doesn't seem like such a bad bill, for a temporary fix, at all....
To: Intolerant in NJ
Congrats, you are one of the few who understands the subtlety of what McConnell has achieved.
When Bush signed the tax cuts, they were temporary. Which means the democraps can let them expire and not be accused of raising taxes. Now they are PERMANENT, which means if they try to increase them, IT WILL BE A TAX INCREASE transparent and obvious.
posted on 01/01/2013 9:14:59 PM PST
(The republic is doomed when people figure out they can get free stuff by voting democrats)
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