01 Jan '13, 3pm

Obama took less in revenue ($600 billion) than Boehner offered ($800 billion) just to raise tax RATES & destroy the GOP

« New Year's Morning Open Thread | Main January 01, 2013 Fiscal Cliff Deal: Obama Takes Less In Revenue In Exchange For Destroying The GOP It's hard to rundown all the spending/tax hike ramifications since they passed the damn thing at 2am on New Years Day but the politics of the deal are quite clear . WH tells colleague Ed Henry Obama broke R's tax pledge. Calls it "1 of the most consequential policy achievements of the last couple decades And what did the GOP get for this? Nothing. In fact, we gave back spending cuts we supposedly won through sequestration. Yes, they say they will "pay" for the delay through unspecified spending cuts and some tax raising gimmicks but the principle of doing anything to avoid actual spending cuts has been set. And how much did Obama and the Democrats get from this deal? $600 billion in new taxes over 10 years . Obama originally wanted $1.6...

Full article: http://ace.mu.nu/archives/336161.php

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