The Democrats voted for Obama’s deal, but Obama’s deal consisted of endorsing the tax rates proposed by George W. Bush in toto. Not just the income tax rates, either, but also the capital-gains tax rates that Obama insisted on raising during the 2008 campaign to either 20% or 28%. In the end, those tax rates got more votes last night in a Democratic-controlled House (277) than they did in the GOP-controlled House in 2001 (230), and more Democrats voted to extend them than Republicans, 139-138.
Friday, December 17, 2010
Some perspective
I hadn't fully appreciated this, from Hot Air:
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