Max, I want to believe you. I think that the WSJ's targets are more likely -- home mortgage deductions, employer provided health care ... things that will hit the middle class & leave the corps unscathed.
On Thu, Nov 15, 2012 at 5:59 PM, Max Sawicky <[email protected]> wrote: > I was reacting to Michael's premature condemnation of liberal groups for > their expected acceptance of SS & Medicare cuts. Most will not accept SS > cuts, and anything that looks like a cut in Medicare benefits will get a > negative reaction as well. The extent of their power is a different matter. > They don't have much. > > I think people discount the likelihood that the WH will stand on the 39.6 > top rate restoration (on 'ordinary' income). I also think there is a good > chance of increased rates on capital gains, estates & gifts, and dividends. > Note in one sense this has been a fight between the deficit reducers and the > tax rate reducers, and the former won. > > > > > On Thu, Nov 15, 2012 at 3:06 PM, Jim Devine <[email protected]> wrote: >> >> michael perelman 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. >> >> >> Max Sawicky wrote: >> >> > Bullhocky. If he does that virtually every leftish group will cry >> >> > foul. >> >> > Will >> >> > not happen. >> >> me: >> >> what power do these groups have when the DP and the GOP unite to >> >> promote a program? >> >> Max Sawicky wrote: >> > Power is a different question. They don't have much. >> >> Power is crucial in politics. One reason for these groups' lack of >> power is that the DP's leadership knows that they will support the DP >> as long at it's seen as the lesser of two evils.They're not like >> "swing voters" to be courted. >> -- >> Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your >> own way and let people talk.) -- Karl, paraphrasing Dante. >> >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l > > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
