Wednesday, December 15, 2010

Tax cut deal in perspective

Here's an interesting comment on the HuffingtonPost:

(Item)....­..........­..........­..........­..........­..........­..........­..........­..........­...(amount­)...(% of deal)...(p­arty priority)


Continui­­ng Middle Class tax cuts: ..........­­.........­.­........­..­.......­...­.....(­$480 billion) ...57% ...(Dem priority)

Continui­­ng High-incom­­e tax cuts and Estate tax changes: ..($129 billion) ...15% ...(REP priority)

Payroll Tax Reduction: ..........­­.........­.­........­..­.......­...­......­....­.....­.....­....­.($112 billion) ....13% ...(Dem priority)

Unemploy­­ment Insurance Extension: ..........­­.........­.­........­..­.......­...­.($57 billion) .....7% ...(Dem priority)

Tax Credits for working families (EIC, Child credits): ..........­­.....($44 billion) .....5% ...(Dem priority)

Expensin­­g Provision: ..........­­.........­.­........­..­.......­...­......­....­.....­.....­....­......­($2­2 billion) .....3% ...(Dem priority)

Dems are getting 85% of what they wanted. Only a bitter partisan would see getting 85% of what you wanted as a failure.

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