Tuesday, December 7, 2010

"It would be a grave injustice to let taxes go up for these people," Obama said of middle-class workers.

Consider the imagery below, courtesy of Getty Images. The photographer crouches in order to include the beautiful ceiling above the speaker at the podium. How does that make you feel? Would you say this man is an angel? You probably do, subconsciously, and there is little that can change this fact.

I wouldn't waste my energy with anger were I You: Enjoy Your health, be thankful for Your blessing and help Others regain their footing on the path.

It becomes quite narrow from time to time....

Amplify’d from www.politicsdaily.com

Obama Calls Tax-Cuts Deal 'Right Thing to Do'; Many Democrats Disagree

Patricia Murphy
Capitol Hill Bureau Chief
In remarks Monday night, Obama called the bipartisan agreement "the right thing to do" and detailed the framework of the deal, which would extend for two years the Bush tax cuts for all earners -- both those making above and below $250,000 annually, while also continuing current tax rates on dividends and capital gains, also for two years. In addition, the estate tax, which expired in 2009, would be temporarily set at 35 percent, while extended unemployment benefits would continue for 13 months. Obama also said that negotiators had agreed to a temporary 2-percent cut in the payroll tax.
The president stressed his displeasure with several aspects of the agreement, especially the extended tax cuts for the highest earners and the 35 percent rate for the estate tax. But he said that he did not want to risk the expiration of the middle-class tax cuts in the likely event of a lengthy impasse between Democrats and Republicans in Congress.
bush tax cuts
In a rare weekend session, senators voted 36-53 against moving to the House-passed bill, seven votes short of the 60 votes needed to break the filibuster.
On Sunday, Senate Minority Leader Mitch McConnell appeared on NBC's "Meet the Press" to discuss the negotiations and lay out the areas where he saw compromise coming from the left and the right.
"I think we will extend unemployment compensation," McConnell said. "We've had some very vigorous debates in the Senate. Not about whether to do it but whether to pay for it as opposed to adding it to the deficit. All of those discussions are still under way."
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