According to the Great Orange Satan, here is the tax cut deal:
According to reports from ABC’s Jake Tapper, New York Times and CNN, the package would extend Bush tax policy for two years, replace the tax credits in the Obama stimulus package with a payroll tax holiday, extend unemployment insurance for thirteen months, extend the estate tax at 35% for two years, and extend $40 billion in tax credits to the working poor.
As much as I hate to say it, if they can get 13 months of unemployment benefits, I’d take it. I figgered the most they would get would be six months. Thirteen months might save a lot of families. As bad a policy as I think the tax cuts for the rich are, thirteen months of keeping people from the brink of disaster is a mighty good sweetener.
D-Day, whose analysis I always trust,
says that it is a horrible deal. says the Estate Tax portion is a horrible deal. I misread him initially. Sorry.
I just hate the fact that what we might have to do to keep the poorest of the poor afloat is toss out tons of cash to the already rich. God, I hate Republicans.