Liberals Don't Like Tax Deal; Conservatives Aren't Crazy About It Either
Liberal Democrats are angry that the president caved. Some have reportedly resorted to uttering expletives at him. But in reality, it's the soon-to-be-majority House Republicans who might have bargained for more.
Contrary to the conventional media narrative and Obama's disingenuous blather about a tax-cutting "stimulus," there are no tax cuts. The rates simply would remain the same on Jan. 1. Meantime, the estate tax is going from 0 percent to 35 percent and there's no plan to pay for the $56 billion extension in unemployment benefits.
Bottom line: The deficit worsens and there is no actual stimulus to the economy.
If Democrats scuttle this plan, Republicans should come back with an even tougher deal -- or at least stick to their guns.
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