A repository for Marcospinelli's comments and essays published at other websites.

House Democrats Reject Obama Tax Cut Deal In Non-Binding Vote, Demand Changes

Thursday, December 9, 2010


Last week it was $700 billion just for the tax cuts to the rich.

Last week it didn't have several of the 'goodies' for billionair­es that found their way into Obama's deal, out of nowhere, weren't on the radar, as if by magic, and agreed to by our compromin' 3-D chess-play­ing president.  

For example, it establishe­s a new Estate Tax exemption.  Do you know how many Americans will benefit from the estate tax deal? 6400. Seriously, why should we bail out 6400 of the richest families?

And it eliminates the 'Making Work Pay'-tax credit, which was developed as part of a broad plan to stimulate the economy without breaking the bank. The tax credit will be replaced by a far more expensive (and more fiscally unsound) two percentage point reduction in the payroll tax that paves the way for the ending of Social Security.

The Obama deal is about $900 billion, and expected (by the time it got some last minute goodies to sweeten the deal to get the bare minimum necessary to pass it) to go over $1 Trillion.

If Obama isn't barn-storm­ing the country, taking this fight to those Republican senators' states blocking legislatio­n to help the people and not the Bankers, he's on the Republican­s' side.
Read the Article at HuffingtonPost

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