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malloc
12-06-2010, 07:57 PM
President Obama and congressional Republicans have reached a tentative deal to extend the Bush tax cuts for all income levels and are presenting the proposal to congressional Democrats Monday afternoon, The Daily Caller has learned.

The deal will extend the current tax levels for two more years, preventing taxes from going up on any income levels, despite the wishes of many liberal Democrats — including Obama — that individuals making more than $200,000 a year and families with more than $250,000 a year in income see their rates go up.

In exchange, Republicans have agreed to extend unemployment insurance benefits
for an additional 13 months.

Obama presented the proposal to Democratic congressional leaders at the White House Monday afternoon, seeking to obtain their approval for the deal.

A House Democratic leadership source cautioned that the full party caucus will need to give their approval to any deal, which House Speaker Nancy Pelosi, California Democrat, will likely present to them at a Tuesday evening meeting.

Other details include a temporary two percent reduction in payroll taxes – reported by the Wall Street Journal to be one year – to replace Obama’s “Making Work Pay” tax credit from the 2009 stimulus bill, and a compromise on the estate tax, which will be set for two years at 35 percent, with a $5 million exemption amount.

More (http://dailycaller.com/2010/12/06/obama-and-gop-reach-deal-on-two-year-extension-of-bush-tax-cuts-for-all-incomes/#ixzz17Nn6cieZ)



I think the GOP scored a win here if this is the finalized deal that will be put through. However, I still don't like it because I haven't read anywhere in the Bill which states where the funds for the 13 months of unemployment benefits are going to come from. Probably that 'debt ceiling' vote Boehner has been talking about.

AmPat
12-06-2010, 08:06 PM
At least the extension allows those that still have to pay for the additional 13 months. After the still haves run out of money from funding all this giveaway crap, there will be nobody left to loot.

m00
12-06-2010, 08:49 PM
I get scared when Democrats and Republicans come to an agreement on something. I tend to think the "loser" in that situation ends up being the American people.

Zathras
12-06-2010, 08:57 PM
One upside to this deal will be the absolute meltdown and head explosions that will happen at the DUmp....entertainment to be had for weeks.

Bailey
12-06-2010, 09:04 PM
I am thinking this secene says it all :)


http://www.youtube.com/watch?v=6PQ6335puOc

PoliCon
12-06-2010, 09:13 PM
all this did is kick the football down the road. But it's better than nothing.

Dan D. Doty
12-06-2010, 09:26 PM
I was kind of expecting the type pf deal ( and I think some of you did,too).

But the Moonbats were not.

Yes, Zathras, we'll be hearing screams from DU about this for a least a week; they'll be cursing Obama for quite a while .

Beefeater
12-06-2010, 09:54 PM
Tax stability for the producers, 13 more months of paid vacation for the democrat base.

Teddy Kennedy
12-06-2010, 10:20 PM
One upside to this deal will be the absolute meltdown and head explosions that will happen at the DUmp....entertainment to be had for weeks.

A most definite upside.

Rockntractor
12-06-2010, 10:39 PM
One upside to this deal will be the absolute meltdown and head explosions that will happen at the DUmp....entertainment to be had for weeks.

You're right, they are going nuts over there.

Zathras
12-06-2010, 11:11 PM
You're right, they are going nuts over there.

It was an easy call...they are DUmmys after all. :D

lacarnut
12-07-2010, 12:13 AM
I get scared when Democrats and Republicans come to an agreement on something. I tend to think the "loser" in that situation ends up being the American people.

You and me both.

I am not aware of any compromises that the Democrats have made to Repubs. in Obama's term. I was under the impression that conservatives wanted less spending. So, why in the hell would they agree to extend the unemployment benefits for 13 months. Looks like everyone will be happy. Taxes will not go up and those that are unemployed will be able to sit on their ass longer. Even Obama's departed economic advisor stated that handing out more unemployment checks will have a negative effect on job employment. Oh well, just tack a few billion onto the debt.