» Will Democrats go for it? Maybe not; it seems that many congressional Democrats are upset about the estate tax thing in particular, and the overall deal got a weak reception from Democrats in particular. But the GOP likes it. When was the last time Obama pleased the GOP?
Oh Alan … Lame Duck congressman Alan Grayson decided to make the most of his last month in office by calling out every single GOP loudmouth he could think of on the floor of Congress today, pointing out that all of them stand to gain by extending the Bush tax cuts – many of them in seven figures. Best bit: Noting that George W. Bush will make over $100,000 from his own tax cuts. This oughta get a lot of play on Fox News tomorrow morning. source
» Why nobody noticed: Well, Obama’s method for doling out the tax cuts was a little weird. Most people expect tax cuts on the back end, in the form of giant refund checks. Obama, on the other hand, put the cuts (as part of his $787 billion stimulus plan) directly in paychecks, to be distributed slowly, week to week. In a way, it’s brilliant because nobody thinks about a couple extra bucks in their paycheck and will spend the money like nothing ever happened. But in another way, it means the effects of the stimulus went unnoticed by millions of people. Hmm. For point of comparison, most people are well-aware of Bush’s tax cuts.
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