From the Democrat (or at least, my)perspective, the good in the bill:
keeping the tax rates for middle class and working families (the lower three brackets) at the current rate
a one-year payroll tax cut, benefiting those making under 100K
extending unemployment insurance
increasing the standard deduction for married couples
a more generous child income tax credit and a more generous earned income tax credit, benefiting working families.
interest deductions and tax credits on student loans (and on other college expenses), another benefit to working families.
a business tax credit for r%d
increased depreciation and expensing for capital investments by businesses
From the Democrat (my) perspective, the bad in the bill:
keeping the top tax rate at 35% instead of returning it to 39%
imposes a lower estate tax for the next two years, allowing couples to pass estates as large as $10 million to heirs tax-free
Objectively? IMO, not perfect...I would have preferred those bad provisions to be excluded or reversed....but I understand political realities.
Overall, not a bad deal for the Democrats..they got as much or more of what they wanted than they gave up.
---------- Post added at 12:47 PM ---------- Previous post was at 12:34 PM ----------
Quote:
Originally Posted by aceventura3
....Good luck with the compromise thing, I live to deal with folks like you.
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It would be fun.
You would be out on the fringe (say hi to Sarah P for me)...sticking to your extremist ideology and getting nothing in return because you could never get the votes needed....starving, but patting each other on the back that you refused to compromise.
And I would be more pragmatic, accepting the fact that I might not get the whole loaf of bread that I want, but enjoying the benefits of the half that I can get.