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View Diary: Updated 2: So they have a deal... (33 comments)

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  •  I think it is enough to keep the economy (2+ / 0-)
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    stevenaxelrod, remembrance

    moving in the right direction. Revenue has gone up. Unemployment insurance has been continued (that is a big one). The middle class is not about to get hammered by a tax increase. I think this is all goodness.

    My concern is what about the next deal. This deal if fine by itself but it sets up the next deal and that one may be more harmful.

    Like you, the tax income cut off point is far less of a concern for me other than its usefulness as a bargaining chip and he did not get as much for it as I would have hoped but it really doesn't phase me that it is set at 400/450k rather than 200/250k. The folks earning in that range may be doing quite well but they are not the ones sitting on millions and billions that need to get taxed and circulated. That is why I wish the capital gains and estate taxes had been higher too.

    My understanding is that the federal government steps in where individual states decide not to take various steps to implement the new healthcare law. I'm not that familiar with the details on the ACA though but I am fairly certain any cost savings there won't be considered spending cuts.

    "Do what you can with what you have where you are." - Teddy Roosevelt

    by Andrew C White on Mon Dec 31, 2012 at 10:46:06 PM PST

    [ Parent ]

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