Dec 12 2010

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Tax Deal Details and Summary

Summary of Tax Deal

More Details on Tax Deal

Obama won the great tax-cut showdown of 2010 ˜ and House Democrats don’t have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years ˜ which just happen to be the two years of the run-up to the next presidential election. This is a defeat?

If Obama had asked for a second stimulus directly, he would have been laughed out of town. Stimulus I was so reviled that the Democrats banished the word from their lexicon throughout the 2010 campaign. And yet, despite a very weak post-election hand, Obama got the Republicans to offer to increase spending and cut taxes by $990 billion over two years ˜ $630 billion of it above and beyond extension of the Bush tax cuts…..to read the rest of the article Swindle of the Year by Charles Kruthammer

Tax Deal: The Senate is expected to have a key test vote Monday on the deal extending the Bush tax cuts for everyone.

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