Topic of the Week: Obama/Republican tax compromise

The compromise reached between President Barack Obama and Congressional Republicans has been all over the news this week, and I’d like to hear what you think. Is the compromise really a fair deal for all parties, or did one side get the better of the deal?

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9 thoughts on “Topic of the Week: Obama/Republican tax compromise

    1. The problem was that President Obama signaled he was willing to give in to Republican demands even before he started negotiating with Republicans. You can’t barter for the best possible deal from a position of weakness.

  1. No, it doesn’t work in any way, shape or form. Our current tax rates have nothing to spur hiring, but sure have done a lot to spur irresponsible gambling and speculation in the finance markets, and none of that would be changed with this.

    Even more egregious is the cut in Social Security taxes, which leads to inevitably misleading stories about Social Security being in “crisis” and allowing GOPpers to trot out their plans to sell off Social Security to the FIRE sector. In fact, Obama should have demanded that any extension in the rich’s tax rates would be combined with raising the cap for Social Security taxes up to $250K, which would have shored up Social Security for future decades, and would have helped the current-year deficit as well.

    It’s a horrible deal, and a cynical move that only helps Obama and the GOPs in 2012. Real Dems should oppose it, and if they taxes rise for everyone, so be it. Maybe it’ll get these goofballs focused on real long-lasting solutions instead of this pathetic budget-busting bandaid.

  2. I’m not surprised. Most Democrats that get to the presidency are spineless and most Republicans that get there are dumbasses.

  3. 1. The President negotiated this instead of Congressional leaders. That is an end run around Congress that cannot be acceptable.
    2. I hope there is a bipartisan defeat of this bill.

    1. Democrats played this all wrong, and now it could come back to bite them in their collective back ends. First of all, this issue should have been brought up long before the November elections, so that Democrats could have gotten Republicans on record as voting in favor of tax cuts for millionaires and billionaires at the expense of the lower and middle classes.

      I don’t know what it is about Democrats in Washington, but they simply can’t seem to get on the same page.

      1. You wrote:First of all, this issue should have been brought up long before the November elections, so that Democrats could have gotten Republicans on record as voting in favor of tax cuts for millionaires and billionaires at the expense of the lower and middle classes.

        The advisors to the President are failing and flailing. IF Obama keeps his own counsel then he should fire himself.

  4. Zach- I think a lot of it is D.C. It’s such an absurd bubble of lobbyists and punditry that sucking up to cororations and playing political games is considered normal procedure.

    But it doesn’t connect with people who have real jobs and real lives, who don’t spend every waking hour reading political pages, and want RESULTS. It’s not a game in the real world, but Congress members don’t get out in the real world enough to realize how things play.

    This is especially damamging for Dems because there’s no Fox News/ Limbaugh show to get their spin out to the masses. How do you solve it? Get out in people’s faces, and get the votes on the record.

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