Wednesday, December 08, 2010

In Case You Missed It
The tax cut deal - if it's even a deal anymore - conceded to Republicans 2-year extension of the tax cuts at all income levels, as everyone knows. It also agreed to extend the estate tax exemption for estates smaller than $5 million.

But Obama *got* these things in return:

--A 2 point reduction in the payroll tax for a year. That will put additional money in your paycheck.
--An increase in the estate tax rate (to 35%) on estates larger than $5 million
--An extension of unemployment benefits through December of next year, a 13-month extension altogether.

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