2016 Postmortem
Related: About this forumPOLL: the deal,good or not?
31 votes, 0 passes | Time left: Unlimited | |
Great result! | |
5 (16%) |
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It sucks! | |
1 (3%) |
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Mostly, I like it. (Say I 70% support it) | |
21 (68%) |
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Mostly, progressives lost. (I like 30% of it.) | |
4 (13%) |
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Filibuster Harry
(666 posts)with a good "promise" between Biden and McConnell about serious spending cuts.
Control-Z
(15,686 posts)but I was more worried that the tax rate for the top 2 percent would be compromised down to 35 or 36 instead of the Clinton era rate of 39.6.
Off the top of my head it seemed like the higher rate would generate more than making the cutoff $250,000 but at the lower rate. I could very well have this completely wrong .
BlueCaliDem
(15,438 posts)That said, President Obama ate the Republicans' lunch, permanently gave tax cuts to 98% of people and 97% of small businesses fairly, and removed the 1969 AMT that would have hit me with a $3700 tax bill by this tax season (now it's gone and it went into effect December 2011!), extended U.E. benefits for another year for those who really need it - and all without a single dollar in spending cuts for the Repubs.
I'd say this was a GREAT deal.
Proud Liberal Dem
(24,854 posts)I would also add to anybody upset about the deal not sticking to the $250K threshold: NOTHING short of a constitutional amendment is "permanent" (and constitutional amendments aren't technically permanent either though they are, of course, difficult to repeal once enacted), so once we get another Democratic-controlled Congress (and, hopefully, keep the WH), we can still lower the threshold for taxes.
denverbill
(11,489 posts)In the long run, it might have been better for the country. I voted 30%, but the 'fiscal cliff' included more than just tax cuts, unemployment extension, etc. In my ideal world, the estate tax would have been reinstated completely as it was prior to Bush, the capital gains dividend tax reinstated as it was prior to Bush, the top tax rate reinstated above $250K. Personally, I would also have added revenue by making corporations pay what they really owe, revoking special corporate tax breaks, slashing military spending and withdrawing troops worldwide etc. Maybe that's beyond the scope of the question though.
Harmony Blue
(3,978 posts)but this is a good deal.
Myrina
(12,296 posts)I like your bill the best.
riqster
(13,986 posts)That makes the deal pretty sweet. I recommend today's Rude Pundit for more.
DevonRex
(22,541 posts)We got Republicans to raise income taxes for the first time in 2 decades. This was a great deal.