Other details include a temporary two percent reduction in payroll taxes to replace Obama's "Making Work Pay" tax credit from the 2009 stimulus bill, and a compromise on the estate tax, which will be set for two years at 35 percent, with a $5 million exemption amount.source:CBS
The stupid GOP are still tonight saying the American people stand with them on these extensions for the wealthy!! WTF! This is what makes me angry, the LIES coming from the moron GOPers...
This is the presidents compromise with Democrats and Republicans, but according to Bernie Sanders there might not be 60 votes. Bernie says he intends to work hard to make sure there are not 60 votes to pass this piece of legislation. What will happen then? Who will get the blame if the vote fails and taxes go up on the middle class, and more importantly what will happen if the unemployment benefits end for 2 million Americans? If the people are paying attention it is 100% positively on the shoulders of the GOP. Do Not Forget, the GOP stood in the way for middle class tax cuts and voted NO until and unless the wealthy got their tax cuts extended. They are hypocrites to cry about the deficit, they caused our huge debt and deficit problems in the first place but will fight to add to it while trying to pass the blame for it onto President Obama and Democrats.
I believe the American people are awake and paying attention to this tax cut debacle. The suffering and the unemployed have a stake in these decisions being made by Congress, these decisions are having an immediate and personal effect on the people. They are paying attention!
Make no mistake, the Republican Party is fucking the American people and in 2012 they will get theirs....