Fiscal cliff deal cheat sheet

[cal04]

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/31/your-fiscal-cliff-deal-cheat-sheet/

(snip)
—The sequester will be delayed for two months. Half of the delay will be offset by discretionary cuts, spilt between defense and non-defense. The other half will be offset revenue raised by the voluntary transfer of traditional IRAs to Roth IRAs, which would tax retirement savings when they’re moved over.

—The pay freeze on members of Congress and all other federal civilian employees will be re-imposed, which Obama had lifted this week.

—The 2009 expansion of tax breaks for low-income Americans: the Earned Income Tax Credit, the Child Tax Credit, and the American Opportunity Tax Credit.

—The Alternative Minimum Tax will be permanently patched to avoid raising taxes on the middle-class.

more at link

[aquart]

1. A pay freeze AFTER the pay raise?

Is this a joke?

[Cali_Democrat]

2. McConnell really does look like a turtle.

[JEB]

4. And

a Corporate warmongering Imperialist.

[Pretzel_Warrior]

3. Thank God we avoided the milk cliff

I like milk