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    President Obama tax cut “deal” gives even more to the ultra wealthy

    President Obama tax cut "deal" gives even more to the ultra wealthy

    Don’t let President Obama’s narrative of “sensible centrism” and bipartisan compromise blather obfuscate the fact that the “deal” gave even more to the super wealthy so that the most invulnerable can get minimal support from our government. Salon.com writes:

    The questions for liberals are a) whether they buy that formulation and b) whether they think the president overpaid. Not only did Republicans win on extension of tax cuts for the wealthiest Americans, they also won a new lower rate for the estate tax, and a higher exemption for it.

    How is this smart bargaining? And worse, who will be the Democratic apologists who will defend handing the wealthy even more benefits in exchange for peanuts for the poor, or the middle class unemployed?

    + here

    — 1 year ago with 2 notes

    #Barack Obama  #Bush era tax cuts  #GOP  #President Obama  #Republicans  #bipartisanship  #centrism  #taxes  #the poor  #unemployed  #unemployment benefits  #Democrats 
    1. danielextra posted this