“Can people specifically explain why this is a bad deal?”
I think it’s a pretty good deal. I’m not crazy about the unemployment extension, or the estate tax reinstatement but here’s the thing: we needed a deal NOW.
I read that if things hung on beyond 12/15 they’d have to prepare and release the new withholding tables, etc. And can you imagine the cost, etc. of undoing that, or re-doing it in January?
Further, if it went to January, with the current rates expired it may well have become a free for all and who knows what we would have ended up with. Can we say “uncertainty”?
A lot of rightwingers have been pushing for a payroll tax “holiday”. Hubby & I have both been at a 10% paycut for over a year, so every penny we get will help.
So, like I say, I think this is pretty good. And then libs hate it, so how bad can it be?
Yeah, after reading up on "the deal" I basically agree. Looks like the GOP did pretty good. This seems like a tax cut deal to include Bush and Obama tax cuts, most of which seem acceptable and somewhat stimulative for the economy.
“And then libs hate it, so how bad can it be?”
Exactly, visit Daily Kos or DU or similar. They are going insane over there, absolutely bonkers. They are furious.
Ergo, this is largely a good thing.