General Discussion

bowens43

(16,064 posts)

15. They're saving these for round two....a couple of months away

Tue Jan 1, 2013, 12:13 PM

Jan 2013

more spending cuts.
chained CPI.
cuts in Medicaid.
No cuts or increase in retirement age for Medicare.
cuts in SS

We got nothing out of this deal and a disproportionate burden and sacrifice is still coming from the poor and the middle class while the majority of the wealthy got a permanent tax break

Obama has a much weaker position now.

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The tax code is now more progressive than any point since 1980. [View all] geek tragedy Jan 2013 OP

I see you don't even mention the huge giveaway on the estate tax. oxymoron Jan 2013 #1

+1. nt SammyWinstonJack Jan 2013 #2

in truth the estate tax is the most easily avoided tax of all. unblock Jan 2013 #6

The way I heard it described was,... Spitfire of ATJ Jan 2013 #20

"The way I heard it". That should have been your first clue. Egalitarian Thug Jan 2013 #37

Actually, that was they way it was. Spitfire of ATJ Jan 2013 #44

You can evade a few tens of millions, but hundreds of millions and billions just can't be Egalitarian Thug Jan 2013 #45

With all the attention on bought politicians we have ignored bought judges... Spitfire of ATJ Jan 2013 #46

How strange then hfojvt Jan 2013 #25

It has to go through the republican controlled house obama2terms Jan 2013 #23

We offered to raise it to $100-million once. Festivito Jan 2013 #27

Let's ask the 3 mil people who got their UI extended if they give a crap about your petty nonsense Tarheel_Dem Jan 2013 #52

"no more spending cuts" - not true, I think MH1 Jan 2013 #3

I'd love to see huge cuts in our defense budget Victor_c3 Jan 2013 #11

I think that's incorrect. nt Honeycombe8 Jan 2013 #4

This message was self-deleted by its author Dragonfli Jan 2013 #8

it's total propaganda hfojvt Jan 2013 #28

Exactly. It is incorrect. newthinking Jan 2013 #36

Not yet. I think you may be a bit pre-mature ... oldhippie Jan 2013 #5

agreed. people lose sight of the past based on dream of what could have been. unblock Jan 2013 #7

Not ideal because the Dems bought into the whole "fiscal cliff" fake controversy. oxymoron Jan 2013 #10

At least it's an improvement. unblock Jan 2013 #13

Yes, so let's cave and you better be happy with what we get. oxymoron Jan 2013 #18

it is not an improvement hfojvt Jan 2013 #29

As far as I know none of this is true as of yet considering it hasn't gotten out of Congress. Arcanetrance Jan 2013 #9

It's all for nothing if those treasonous bastards... santamargarita Jan 2013 #12

Democracy in Action .... oldhippie Jan 2013 #19

So true... santamargarita Jan 2013 #21

no, actually if they vote it down hfojvt Jan 2013 #30

More progressive than the promised repeal of the Bush Tax cuts? Leopolds Ghost Jan 2013 #14

of course not hfojvt Jan 2013 #31

They're saving these for round two....a couple of months away bowens43 Jan 2013 #15

I think NorthCarolina Jan 2013 #16

All in all, it's not a bad first step, and is being done at the last minute. MineralMan Jan 2013 #17

Actually, if we want to be honest, taxes on the rich should be 70%. Spitfire of ATJ Jan 2013 #22

I still prefer the 92% rate in effect during the 50s when I was a kid. mbperrin Jan 2013 #24

That would pay for the wars the rich wanted. Spitfire of ATJ Jan 2013 #26

Actually, it wouldn't. Nobody ever paid the 92% tax. mbperrin Jan 2013 #33

Yep. Instead, the inheritance tax is only avoided by people with liquid assets Leopolds Ghost Jan 2013 #34

Give away $10,000 shares in the business to each heir while you're still alive. mbperrin Jan 2013 #40

Washington has applauded greed since Reagan.... Spitfire of ATJ Jan 2013 #41

And How Many Would Vote For That? SoCalMusicLover Jan 2013 #32

The Republicans worse nightmare is to have the American People see things get better,... Spitfire of ATJ Jan 2013 #43

K&R. n/t FSogol Jan 2013 #35

You jumped the gun. No deal. n/t Egalitarian Thug Jan 2013 #38

The top rate was 50% until 1988 Motown_Johnny Jan 2013 #39

Top marginal rate for federal taxes was 28% in 1988. geek tragedy Jan 2013 #49

which is why I said "UNTIL"... Motown_Johnny Jan 2013 #50

Are you talking about after this bill has passed? W_HAMILTON Jan 2013 #42

How so? geek tragedy Jan 2013 #48

Because as of midnight on January 1, 2013, taxes went up steeply on the rich. W_HAMILTON Jan 2013 #53

in 1993 the top rate on individuals was 39.6 & 1982-1986 it was 50%. and from 1985-2002 HiPointDem Jan 2013 #47

So will this manifest in a "better country" or "better world"? NoOneMan Jan 2013 #51