DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Tax Deal: GOP to allow unemployment checks to resume in return for tax cuts for rich

**FliveGell** · 12-08-2010, 12:25 PM

Hard spin out there, on both sides. I took a closer look at the package and you're right about Pres. Obama gearing this toward more job stimulus. The 2% reduction in payroll taxes, two year increases in the Child Tax Credit and EIC, a tax credit for students, and the most helpful, I think, allowing businesses to expenses 100% of their investments in 2011 and two years on the R&D tax credits..

He really has to sell this though, and I mean sell it fast and sell it completely. At the same time he's selling the good stuff as helpful to the economy, he'll have to sell the tax breaks for the rich as only adding to the deficit. It's a tough needle to thread. Heck, even his own party leaders are pushing back, especially on the estate tax. Where are all the tea party people who yelled the loudest about deficits? That's who he needs to rile up.

12-08-2010, 12:25 PM	#9
FliveGell Join Date Oct 2005 Posts 401 Senior Member	Hard spin out there, on both sides. I took a closer look at the package and you're right about Pres. Obama gearing this toward more job stimulus. The 2% reduction in payroll taxes, two year increases in the Child Tax Credit and EIC, a tax credit for students, and the most helpful, I think, allowing businesses to expenses 100% of their investments in 2011 and two years on the R&D tax credits.. He really has to sell this though, and I mean sell it fast and sell it completely. At the same time he's selling the good stuff as helpful to the economy, he'll have to sell the tax breaks for the rich as only adding to the deficit. It's a tough needle to thread. Heck, even his own party leaders are pushing back, especially on the estate tax. Where are all the tea party people who yelled the loudest about deficits? That's who he needs to rile up.
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