SORRY to post one of those headlines that belong in "Questions to which the answer is no", but it's not me who's raising the issue; it's James Kwak and Ross Douthat.From Ezra Klein: 1. Details on the deal: 39.6% tax rate for individual income over 400k/family income over $450k. AMT patched permanently. 2. Dividends and cap gains taxes at 20% of the $400k/$450k levels. PEP at $250k.But the deal, crafted over the long weekend by Vice President Joe Biden and Senate Minority Leader Mitch McConnell, also leaves a range of big issues unaddressed. For instance, when and how will lawmakers raise Passing an AMT patch with anWASHINGTON -- A day late and trillions of dollars short, Congress passed a hard-won deal to ease large portions of the "fiscal cliff." The nation started sliding down that cliff on New Year's Day, after lawmakers dithered forObama boasts that “middle-class families” will not have to “pay upwards of $2,000 more in taxes this year.” That's accurate for income taxes, but Obama doesn't mention that the deal allowed a payroll tax cut to expire. About 77 percent of taxpayers
Related External LinksFiscal Cliff Deal Cancels CLASS - Hit & Run : Reason.comTaxVox » Blog Archive » What the Fiscal Cliff Deal Really Means for ...“Fiscal Cliff” Deal Packed With Corporate Welfare | FDL News
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