SELLOUT! This is NOT what we voted for! He ran on $250k and now is pushing $450K. Guess who is going

[alcibiades_mystery]

17. $400/$450 is a cave? Republicans cave on the principle, on the rate level, and on additional rates!

I'd prefer $388,500 to be the line in the sand on rate increases.

But the increased rate on dividends (conveniently left out of your account) really does offset that a bit - drawing additional revenues from the top 2% of the population where the rate line at $450,000 or $500,000 and no other revenues would not. Obviously would like to have estate as well, but both these features maintain the principle that the very wealthy should pay more.

If we review the Republican position, we see how eroded their defense is:

1) They insisted on no tax RATE increase PERIOD. They would find revenue other ways. They abandoned this position.

2) Having abandoned the "No rate Increase" position, they tried to set the rate at $1,000,000 or greater in income, and no other changes. This position, too, has fallen.

3) There was a HuffPo story this weekend that suggested the new Republican position was $500,000. Apparently, it is $550,000, but they might accept a capital gains increase alongside that.

When you look at where they started, you really see how far they've fallen. meanwhile, the Dem position started at yes on rates, and Rate at $250,000, and has apparently moved up to $450,000. That means no tax rate increases on the middle class, and only a slight movement up in brackets. Moreover, when a capital gains rate is included in the rate changes, you draw revenue from top incomes at roughly the level you would if the rate was something like $350,000, so the actual uptick is even more slight. The rate is a way for GOPers to save face. The capital gains increase may actually offset the income rate completely back down to $250,000.

Oh, an apparently we're going to get an increase on estate tax to 40% for $5 mil and over as well.

What a sellout!