General Discussion
In reply to the discussion: Obama: Bush Tax Cuts For Wealthy Will Not Be Extended, Period [View all]JoePhilly
(27,787 posts)Many Americans think that a small business owner makes more than 250k, but less than 1 million.
Obama won't be the one clamoring to make that deal, but the GOP probably will. The bump to 1 million should get the needed blue dog votes ... AND ... Obama may be able to get a few other elements in the deal. The big money in the Bush tax cuts exists above the 10 million mark.
Obama has the winning card if we reach the lame duck. The GOP may be willing to give up some other things. And so, I can see him uping the cap to 1M, but also getting something else in return. Obama always maintains the fall back of doing nothing and letting them all expire, win or lose. If that happens, the GOP has a lot of work to reinstate any of it.
And ... I'm a little surprised you don't debate the other key points I made as to why Obama allowed the full set to be extended back in 2010.