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Politics : Sioux Nation

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Dec 12 3:59 PM EST

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From: Travis_Bickle	12/8/2010 7:20:02 AM
	2 Recommendations of 361561

The two parties got a lot of what they wanted. The Republicans extended the high-end Bush tax cuts; they also put together an estate tax plan they were comfortable with. The Democrats got extended unemployment benefits, and a cut in payroll taxes, along with tax credits for college tuition. The tax and spend package pleasantly surprised some Democratic wonks: “Left-leaning policy experts said the package did more to create jobs than they had thought possible after the Republicans’ midterm election victories. Robert Greenstein, Lawrence Mishel and John Podesta — who run prominent Washington research groups that range from liberal to staunchly liberal — all offered praise for the package. Of its estimated $900 billion-plus cost over two years, roughly $120 billion covers the high-end tax cuts and the estate tax cut, $450 billion covers Mr. Obama’s wish list and $360 billion covers the tax cut extensions both parties favored.” ritholtz.com Like I said yesterday, the "tax cuts for the rich" don't amount to all that much given the numbers we are dealing with.

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