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View Diary: President Obama calls on Congress to protect tax cuts for the middle class (70 comments)

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  •  They'll work out a deal (2+ / 0-)
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    NYCee, vigilant meerkat

    if past history repeats, it will have a couple of sops for the middle class - like preserving tax cuts for some income levels.  

    Social Security cuts are is still on the table, as are Medicare eligibility cuts. Those will likely be included in the final deal.

    The wealthy will still be protected - no estate taxes, no increases on capital gains or dividends taxes, etc.

    Hope I'm wrong.

    Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

    by Betty Pinson on Sat Dec 29, 2012 at 07:32:04 AM PST

    [ Parent ]

    •  Yeah, the avoidance of capital gains... (3+ / 0-)

      is really stunning. To think that just a short while ago it was double what it is now. But nooo, cant go there!

      Isnt that what's behind the REAL Warren Buffet argument about him making more than his secretary, the one the Dems always are hawking to make their case on income tax revenue being raised for the wealthy?

      As for the Estate Tax, I cant keep up with what has happened with that. Used to get updates, tried to push for the paltry amount they'd whittled it down to being saved from the chopping block. I remember Bush had a lot of Dem helpers, like Landrieu and Ben Nelson, working on demolishing it.

      What is the status now? I have lost the thread...

      •  Landrieu is still fighting it (0+ / 0-)

        A convenient rotating villain.

        Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

        by Betty Pinson on Sat Dec 29, 2012 at 10:01:22 AM PST

        [ Parent ]

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