I don't know about Obama being the Republicans' Fifth Column, but I am very disappointed in his capitulation to Repub demands for tax breaks for the wealthiest in this country. If the goal is to decrease the deficit, then why are they even talking about tax breaks for million/billionaires? And why were the Repubs allowed to toss in the reduction/elimination of the Inheritance Tax?
I hope there is no resolution on the estate tax... If there is no agreement, then on January 1st, the tax rate on estates worth over 1 million dollars will revert back to 55%. That probably won't happen, of course, but to allow estates like the one bequeathed to the family of George Steinbrenner ($1.1 bn) to transfer without a tax is ludicrous.
In any case, America got screwed again. When is Obama going to get it through his head that the Repubs talk bipartisan, but actually view it as a sign of weakness to be exploited?
I hope there is no resolution on the estate tax... If there is no agreement, then on January 1st, the tax rate on estates worth over 1 million dollars will revert back to 55%. That probably won't happen, of course, but to allow estates like the one bequeathed to the family of George Steinbrenner ($1.1 bn) to transfer without a tax is ludicrous.
In any case, America got screwed again. When is Obama going to get it through his head that the Repubs talk bipartisan, but actually view it as a sign of weakness to be exploited?
