Overall, the Fiscal Cliff bill has positive bias IMHO.
Without it, taxes would have gone up for 100% of people by a lot. With the FC bill passing taxes will actually go down for seniors who are the most potent voting block. People earning on the lower end of middle class and lower, will pay more through expiration of the temporary 2% payroll tax reduction of last year. But most of them are Obama voters.
That's not the way I've read the bill.........
The 2% payroll tax was going to go up anyway — and rightfully so — bill or no bill.
The unemployment benefit extension was a payoff to Obama voters — What is this doing in a Tax Bill???
The special interest tax credits to NASCAR, wind producers, rum producers, and Hollywood. Whose votes were bought with this pork???
The good thing is that sequestration remains in effect — two months away. Let it take effect.