On Thu, Nov 15, 2012 at 12:48 PM, Max Sawicky <[email protected]> wrote: > Bullhocky. If he does that virtually every leftish group will cry foul. Will not happen. >
Oh, it will happen. Something like this has been in the cards for a very long time. Obama will get a nominal tax rate hike on the millionaires to 39%, but he will leave untouched the real scandal - the estate tax and the capital gains rate. This whole debate has been like a bad kabuki theater. Obama has been making a very big deal out of this really weak thing, so he will get it and then use it as a cover to cut entitlements. The only question is what he will cut. As Max says, Medicare spending cuts, if done right can actually be worth doing. But it looks more likely that cruel changes like increases in eligibility age is what Obama really prefers. We will find out soon if he will get away with it, whether he really is the More Effective Evil. -raghu. > > On Thu, Nov 15, 2012 at 12:25 PM, michael perelman < [email protected]> wrote: >> >> I think I know what the grand bargain will be. Obama will be a hero >> to the left by marginally increasing taxes on the people who earn more >> than $250,000. Then you will cave on Social Security and Medicare >> while bragging about his dedication to progressive causes. Also, in >> the name of reforming taxes, he will close the loophole on tax breaks >> that the middle class relies on by, for instance current collecting >> taxes on medical insurance provided by employers.
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
