Tuesday, December 7, 2010
President Obama and Republicans Reach Deal on Tax Cuts
- President Obama's Statement
- ABC News
- ataxingmatter (Linda Beale)
- Bloomberg
- New York Times
- New York Times (editorial)
- New York Times (Paul Krugman)
- NPR
- Politico
- Start Making Sense (Dan Shaviro)
- Tax Update Blog
- The Hill
- Wall Street Journal
- Washington Post
- Washington Post (Ezra Klein)
https://taxprof.typepad.com/taxprof_blog/2010/12/president-obama-and-republicans-reach-deal-on-tax-cuts.html
Comments
They reduced the payroll tax from 6.2% to 4.2%. Did they keep the income limit the same (it was something like $108,000 this year). If they raised the income limit, then anyone making more than the limit will likely end up paying as much or more than they did in 2010. I haven't seen this discussed anywhere, but raising the income limit sounds like some sneaky thing they might do to get that revenue back.
Posted by: David Paul | Dec 7, 2010 8:52:33 AM
I speak for those unemployed and not unemployed by choice. Although managing bills is something we all need to do whether you are poor or rich, black or white, democratic or republican. I am indeed grateful for Obama’s' decision for allowing the opportunity for us to seize and make steps to recovery. I feel this decision will impact jobs, middle class, businesses and the economy as a whole. We are to believe in him as he believes in us Americans. This is why I voted Obama for President.
Posted by: Xiomara Rivera | Dec 7, 2010 6:18:32 PM