No, the Repubs did a deal, which is how politics has been played throughout history.
Meanwhile, Obama MASSIVELY CAVED which is different. This biggest CAVE comes on top of all his other broken promises to the left has lost him their support permanently.
This is absolute FUN TO WATCH!!
I’m not watching, but I heard him say yesterday that it wouldn’t be responsible to raise taxes on average people by $3,000/year. That by itself is a massive admission that the tax cuts weren’t JUST FOR THE RICH!
Yesterday, to much media fanfare, President Obama reached a deal with Congressional negotiators to prevent some tax increases while increasing spending. While preventing taxes from increasing on all Americans on January 1, 2011 is vital, there are a number of problematic provisions in the current agreement that should be dropped by Congress as it considers the agreement.
The Return of the Death Tax: As The Heritage Foundation has consistently demonstrated, the death tax will punish job creators, kill some small businesses, and wreak havoc on the economy. There is currently no death tax, but it would spring back to life in 2011 to tax estates over $5 million at a rate of 35%. A two-year extension of current tax rates needs to ensure that the death tax remains dead.
Temporary Tax Rates and Additional Uncertainty: As the saying goes, the only certainties in life are death and taxes, but families and businesses need long-term certainty on what their taxes will be in order to plan accordingly, invest, and take risks that ultimately create jobs. By allowing for only a two-year extension of current tax rates, the President’s agreement provides no long-term certainty that is essential for economic recovery.
“Permanent” Unemployment Benefits: The Heritage Foundation, drawing from the full spectrum of economic research, has shown that extended unemployment benefits decrease individuals’ incentives to get new jobs. The President wants to further extend these “temporary” unemployment benefits for another 13 months. If these temporary benefits never expire, they will become yet another permanent entitlement.
Take action now: Call your Senators and Representatives and urge them not rubber stamp the President’s tax plan.
Together, we can prevent the coming tax increases. Thank you for your commitment to an America where freedom and prosperity flourish.
Obozo got one slice of pizza (the extra unemployment extension, which does NOT help the 99ers). The Republicans got the rest of it.
}:-)4