Breakdown of the Obama/Republican Tax Deal

[dennis4868]

The breakdown:

53.1% Middle Class AMT (OBAMA)
3.3% Expensing Provision (OBAMA)
4.2% Tax credits for working families (OBAMA)
6.2% Unemployment Insurance (OBAMA)
6.6% Regular tax extenders such as R&D credit
13.5% High-Income tax cuts and Lincoln-Kyl estate tax(GOP to the top 2%)
13.2% Payroll tax holiday (OBAMA)

Source: Center for Budget and Policy Priorities (www.cbpp.org)

[Aramchek]

1. I predict the opponents of Obama's plan will avoid this thread like the plague

[JamesA1102]

18. Facts just confuse the demagogues nt

[stray cat]

2. Educational and informative!

[liberalmuse]

3. Thank you.

Facts is good.

[mtnsnake]

4. And this explains how we can pay for everything? Aren't we broke?

[killbotfactory]

6. We aren't broke, but the deficit will become a problem in the future.

Right now, in a recession, it's not that important. A healthy economy is the best way to address that problem.

Republicans and deficit hawks just like to beat that drum to gin up support for cutting social services they don't like, as they always do, through good times and bad, for the past half century or so.

[lonestarnot]

8. But our money print'n machine is fucked up. Guess we can write IOUs to China to the tune of nearly

14% so richie rich can float his boat.

[killbotfactory]

10. Take it up with the republicans

No democrat is in favor of tax cuts for the rich, but the republicans are a minority party, not a powerless party, and that's what they are demanding and there is no benefit to them for caving in.

[lonestarnot]

11. I couldn't give a flying fuck about their benefit.

[killbotfactory]

13. If you don't understand that republicans have nothing to gain by compromising on the rich tax cuts

There is nothing further I can say to you.

[lonestarnot]

16. And they really have nothing to lose now do they. Hmmmmf.

[killbotfactory]

12. Take it up with the republicans

No democrat is in favor of tax cuts for the rich, but the republicans are a minority party, not a powerless party, and that's what they are demanding and there is no benefit to them for caving in.

[lonestarnot]

14. I couldn't give a flying fuck about their benefit.

[Nancy Waterman]

5. Thank you

Simple and clear.

[Skittles]

7. CBPP in April

CBPP: Let the Bush Tax Cuts Expire on Schedule

http://taxprof.typepad.com/taxprof_blog/2010/04/cbpp-let-the-bush.html

[Clio the Leo]

9. It's becoming more and more clear that what the President was TRYING to say to us Tuesday was...

[Skittles]

15. gawd, give it UP already

[Clio the Leo]

17. only if you will too!

;)

[Skittles]

20. I'll give it up when I have a Democratic prez

yes INDEED

[dennis4868]

19. I love that picture and the caption....

it is so true even today....

[Still a Democrat]

21. K&R,

Bookmarked as well.

[mikekohr]

22. More inconvenient facts

damn you! :)