What do you think of the compromise deal on the tax cuts?

A compromise between President Obama and Republicans in Congress would continue the Bush-era tax cuts and extend jobless benefits to the long-term unemployed. Today’s Question: What do you think of the compromise deal on the tax cuts?

  • Hiram

    Not what I expected from someone the media tells me is a partisan and bitterly divisive president.

  • BruceJ

    Like the health care debate, the point is to help those who need help — the unemployed and working poor — and not to punish the rich. So the deal is a step in the right direction against an intransigent opposition that cares nothing about the deficit and would destroy the economic security of millions for their own political gain.

  • David

    This is a very bad decision on the part of the president. There wasn’t a compromise. The Republicans got all they wanted. The rest got the crumbs. Mitch O’Connell has already indicated he is very happy with the results of the negotiations. That only means they won the lions share of the discussion.

    The Democrats need to force the Republicans to hold to their own values and have this tax cut funded.

    I would hope the tax cuts lapse and let the new Congress then discuss the fallout.

  • Clark

    I thought it was a good compromise. Actually improved my perception of Obama.

    I believe you raise taxes on everyone and don’t keep slamming the wealthy so Obama made a good decision.

    Far left democrats seem to forget they lost big in 2010 election and therefore compromise now or the deal gets worse in 2011.

    I really find it interesting how the far left believes their ideas are the only one’s that matter. They don’t care if their programs fail year after year just keep making the same mistakes. Obama gave in on one issue and suddenly he is the enemy.

    Just love to watch the democrats make fools of themselves.

  • Neil Crocker

    So sad!

    (1) The country is broke. The deficit in 2010 was in excess of $ 1 trillion. The debt is around $13 trillion. This package will cost the country almost another $1 trillion over the next 2 years.

    (2) There is now only a very tenuous link between tax breaks and job creation. (If you need proof, take and extra $100 to Target, or Walmart, or Macy’s. Spend the $100. Bring it home and check to see where it was made. Figure out what % of your $100 ends up in the US. You will be disappointed.)

    (3) The Democrats have a huge majority in both houses until December 31. They don’t really have to compromise and if they do something “distasteful” or “wonderful” it’s not like they lose or get their seats back in January.

    (4) Another 13 months of UI is not going to get people who have been out of work off the couch!

    I am hugely fearful that although Bush II was the guy that got us on the path to bankruptcy, it’s going to be Obama that will be remembered as the guy who put the nail in our coffins.

    So sad!

  • steven boyer

    Reconcile the Republican rant about the deficit & debt during the campaign and their rush to abandon those principles in their zeal to pander to the rich. Increasing the debt by hundreds of billions and defunding social security do nothing for anyone and the rich don’t care about either.

  • I love that there was compromise (not enough of that happens in the government), but I disagree with how the compromise was negotiated. Instead of passing the parts that they agreed on up front, some politicians held out, calling it a stunt. It makes me feel like my taxes were used like a bargaining chip, and I feel that is irresponsible.

  • Steve the Cynic

    Just like health care reform, it’s like he was getting ready to leap over a canyon to something better on the other side, but the opposition wanted him to stay on this side, so he compromised and jumped half way.

  • Obama did what he had to do in order to act affirmatively with the needs of the neediest in mind. The Republicans should be branded as UNAMERICAN for holding unemployment compensation hostage in order further their political agenda. We should NOT be spending our resources on those who are not in need. I am not happy with the Obama Compromise but I do not judge the president negatively for facing an extreme political reality the way he did.

  • David Hill

    I am more than a bit disappointed, although not surprised one bit.

    The President has disappointed me by engaging in a Pawlenty-esque “kicking the can down the road” on one of the key pieces of his election platform – eliminating the Bush-era tax cuts on those earning more than $250,000 per year. While he was able to score extensions on some provisions that may assist working and middle-class persons as well as businesses, the price that he had to pay in order to achieve that was, in my opinion, too high, both monetarily and in terms of what he stands for.

    There is an implied political calculus here. The administration assumes that, come 2012, the President will be able to rally the country back around the notion of eliminating the high-end tax cut, much as he did in 2008. The problem with that calculus is that it assumes re-election with Democratic majorities in both houses able to push such legislation through. The Republicans will certainly not countenance such action should they remain in charge of the House or take over the Senate. Having riled up his base with actions such as this, the President will likely have less support going into 2012, despite higher Democratic turnout in Presidential election years. He could face a challenge from the left in the primaries as well as a less-engaged base in the general election. Voting for someone because “he’s not as bad as the other guy/gal” isn’t exactly as inspiring as “Hope” and “Change”.

    The Republicans are now engaged in the largest act of hypocrisy I can remember. For months they have insisted that extending the availability of the four federally-funded unemployment tiers be “paid for” – relatively unheard-of in a time of economic calamity, as such expenditures have been historically considered to be “emergency spending”. To put it another way, you don’t argue over paying for the fire hose when the house is on fire.

    Now that the Republicans are getting a good amount of what they want – tax cuts extended to the top 2% and only a partial return of the estate tax, the “fiscal responsibility” they screamed for during the past year has gone out the window. Not only is this proposal not paid for, adding to the budget deficit and causing us to borrow hundreds of billions (there being a concern about deficits and borrowing because the Chinese hold so much of our debt already), but it also amounts to a two-year economic stimulus larger than the much-reviled ARRA of 2009.

    Considering that over a third of ARRA was tax relief of some sort (although some of it was “stealthy”), should this proposal fail to generate the kind of economic growth promised by both sides, it will be a pox on both of their houses with a very high price tag for succeeding generations to pay for. I’m not entirely convinced it will help mainly because most of the provisions are simply extensions of one sort or another that have been in place since 2009 or earlier. If they were going to be of help, they would have already. The only hope in this proposal is the payroll tax holiday. Even with that, I believe that more of that money will go to paying off debt (as has been seen with other stimulus in the past), with the banks then sitting on the money as they have been for the past two years, rather than actually percolating through the economy.

  • Lisa R

    The compromise, in one word, sucks. It shows that the Republicans have no interest in addressing the national debt whatsoever, it blatantly illustrates that the President has been emasculated no matter what direction he wishes to take the economy or country, and it indicates that division and partisanship are just as prominent now as ever and we are going nowhere. As far as the compromise being “good for the economy,” it is only better than nothing.

  • Barb

    HE HAD NO CHOICE. Too bad. I wish I think he is putting the country before his political future. I wish they all would do that.

  • Sue de Nim

    I’m increasingly convinced that those tax cuts for the ultra-wealthy are actually hurting the economy, because those taxes are effectively levied on money that is not re-invested in businesses through capital expenditures and new hiring. The Bush tax cuts made it cheaper for plutocrats to hoard their wealth than it otherwise would have been. We have to quit believing the lie that taxes on the richest 1% “kill jobs.”

  • Nancy

    It’s not what I was hoping for, but I trust the President.

  • Ellen

    President Obama is doing everything I elected him to do – keeping the interests of his fellow Americans FIRST, negotiating and not being shy about it (I voted for compromise and movement; not stalemate and empty rhetoric). As a registered Dem, I wish fellow Dems and elected Dems would HEAR the Republican wave, shudder w/distaste and worry, and BACK OBAMA! I am relieved by the tax compromise and am sick of stalemate! I am sick of worrying about jobs, my husband’s unemployment, our son’s health problems, our high COBRA payments, etc. DEMOCRATS – SUPPORT YOUR PRES!

  • Mike

    Republicans holding the middle and lower class hostage in order to pander to the upper class is reprehensible. Class warfare is alive and well.

  • Nathan

    I think that the deal shows the president’s willingness to play ball and to put the common good above politics– a promise he made in his campaign.

  • Patrick

    The President is doing his best to save what he can in light of the coming influx of more Republicans to Congress. If it’s a choice of “line in the sand” or actually helping people survive a very tough time, he will choose the latter. To all those who would rather he risk that and fight based on principle: where were you on November 2, and what did you do to get people to vote for Democrats?

  • rf

    It is a crime that Republicans have abused Senate rules to hold average Americans hostage. After 10 years these tax cuts have done nothing to fix an economy in a tailspin. They have dramatically increased the deficit. Instead of being honest the Republicans have doubled down and demanded more tax breaks for the VERY wealthy at the expense of the unemployed. Sadly the President and a tiny minority of Democrats have decided they have no choice but to continue letting the Republicans hold working and unemployed Americans hostage. These people have no conscience and are morally bankrupt.

  • Jason

    This is nothing new. Our government exists to serve corporate interests and the rich and to fool the rest of us. The Republicans are just doing their masters’ bidding, and the Democrats are too compromised themselves to do anything but compromise.

  • Jill

    President Obama whines when we don’t support his “compromises.” To me, these so called “compromises” symbolize the corporate take over we elected him to halt.

  • Dave Rask

    I alternate between being disheartened and furious with the President over this. He has no stomach at all for conflict, and gave away the store with barely a fight. What sense does it make with runaway deficits to give the rich such a huge tax break–far more costly to the American people than the unemployment benefit extension. I hope he’s challenged successfully in 2012 for the Democratic nomination.

  • Jeff

    The compromise was a good deal, everyone got something out of it and it will help the economy more than it will hurt it. Almost every single economist will say that raising taxes during a recession is a bad idea, so preserving the current tax rates for everyone was best for the economy. Plus the cut in SS taxes will also give everyone basically a 2% raise (except for the higher income people who don’t pay in as much for SS).

  • Scott

    No one is going to like the compromise. That’s why it’s called compromise.

    He is doing as well as anyone could in these most difficult of times. I didn’t vote for stalemate.

  • Scott

    Here’s a “Question of the Day” I’d like answered:

    Why is it that the people with the most money seem ONLY to care about GETTING MORE at the expense of everybody else?

    Why is MONEY the MOST IMPORTANT thing to those who already have the most of it??

    All I can come up with is Republicans are selfish and mean.

    Is there another answer?

  • RebeccaC

    It feels like Healthcare all over again, substituting public option/single payer for progressive taxation. Just as the debate is heating up, Obama takes the energy out of it by compromising before it seems necessary. I feel like something was given away that was a bedrock Democratic principle-progressive taxation is both morally right and good for the economy -as an opening goodwill gesture. It just seems wrong, even if we would have ended up here eventually. I feel betrayed.

  • Larry McMains

    I think Al Franken summed it up very well this morning in Kathy’s interview with him when he said that he thought that Obama had punted on 2nd or 3rd down. Yes, the unemployement benefits and child care credits needed to be extended and should help the economy. Would the Republicans have really allowed these to expire at this time? I don’t believe it. Obama has reneged, and caved to the interests of the wealthy – making the looming national debt castastrophe even worse. – Larry M

  • Steve D

    The President is a clever, clever man. Just a few months back when everyone was discussing a second stimulus package on the talking head squares of CNBC, they were all saying President Obama could not get it done. Congratulations Mr. President job well done, between unemployment extension, payroll tax cut, and the tax credit to small businesses, this all amounts to about 700 plus billion dollar STIMULUS! It was looking like all we had left was monetary policy set by the Federal Reserve like QE2. Now we get a good old dose of fiscal policy in a bill that yes it rewards the Republican’s rich with a longer tax holiday but provides a stimulus too. Now I am confident that in 2 years our economy will be well recovered and the “2nd stimulus” from this package will be the turning point. I am sure now with a long range plan to cut the debt and deficit, and with this new growing economy to lower the short term deficit it will look much different in two years. No one will remember I said this but I want the US House back in 2 years in Democratic hands, and this stimulus and tax bill will do it too.

  • Why did I go on Midday with Gary Eichton to voice my support for Obama? Why did I spend so many weekends door-knocking in Iowa leading up to the 2008 caucus?

    Talk about a betrayal. Obama promised he would let the tax cuts expire for the wealthiest Americans. Well, he lied.

    And I don’t buy that it’s a “temporary” extension, either. Iraq and Afghanistan have both gone on for longer than World War II, and they have both been funded by “emergency” “temporary” appropriations.

    This is a very basic issue. The gap between the rich and poor is increasing. I campaigned for Obama because I thought he would actually stand up and do something about it.

    But he lied. He lied, lied, lied. He can smooth talk his way around this all he wants, but the fact of the matter is that he lied about a very basic, fundamental campaign promise.

    We could have created 3 million jobs with the money saved by letting the tax cuts expire for the top 2%. Instead, we’re giving tax cuts to millionaires and billionaires.

    I want nothing to do with this campaign anymore. I’m done with Obama and I’m done with politics.

    Somebody call me when we get Ranked Choice Voting so we can vote for some real alternatives.

    “We will also allow the temporary Bush tax cuts for the wealthiest Americans to expire.” -Barack Obama


    3 million jobs:


    My appearance on Midday with Gary Eichton:


  • Steve the Cynic

    President Obama has not merely been compromising. He’s been attempting to appease the political bullies. Appeasing bullies is counterproductive. It only encourages them by legitimizing their tactics in their own eyes. If you didn’t learn that on the playground, learn it from Neville Chamberlain.

  • Denny

    With the average corporate executive making 400 times the wage of the avarage worker and with federal deficits out of control, the only thing that explains this is that the rich are still running the country.

  • Peter23

    I am beyond appalled at this deal. I walked door to door for Obama, made phone calls and donated hundreds of dollars. I might as well have voted for McCain. Giving tax cuts to the rich in these times, giving them what they want on estate taxes, and most insane of all, cutting social security taxes by 1/3 when the right wing wants to gut the program, is totally unacceptable. I’d rather pay more taxes than sign on to this. The Democrats should force the Republicans to accept the “middle class only” extension in January or take the blame if they don’t. I will NEVER vote for Obama again, and I will NEVER vote for anyone who supports this travesty in any way, shape or form. It’s a total, complete deal breaker for me. After voting Democrat since 1972, I’m fully prepared to vote Green or some other progressive party in 2012 if the Democrats don’t rapidly get their act together and kill this deal. Obama is done and the sooner Democrats realize it the better.

  • Chris

    Democrats cant agree with each other on any topic. We have a President trying to get “stuff” done and all any Democrat can do is complain. Meanwhile you have the Republican machine that does what they do best.

    There is no ‘I’ in team, and there are too many ‘I’s’ in the Democratic party. Democrats need to stop destroying themselves. It is a party of ‘try-ers’ not enough ‘do-ers’. “Do or Do Not, there is no try.”

    Mr President keep fighting for the little man, I am behind you, I agree with what you need to do to get stuff done.

    If you remember the Democrats in Congress were too scared to put it to a vote before the elections, so the Democrats in Congress are the ones who put themselves in this position. Maybe they should have done something and stood up for what they really thought before it was too late. Stop blaming the President for your lack of back bone.

  • Ron Converse

    I thought our President was a member of the Democratic party. My grandchildren or great grandchildren will probably revolt.

  • Amy

    Reading all the posts of now angry voters who voted for Obama based on his premise of “change”, I am at least pleased to see his voters are angry. I didn’t vote for him because I knew this was the kind of president he would be-the only “change” he’d make is his own mind when it came to everything he claims he stood for. And no, I didn’t vote for McCain. There isn’t a single policy change to the Bush era that Obama has enacted-we essentially have the same presidency on all accounts. I completely agree with the person who said Democrats have to stop trying and become doers. They are the reason we have nothing in this country and the rich have everything. I also don’t care if it means my taxes go up, you don’t vote for cuts for the wealthy if you truly have any kind of moral structure whatsoever.

  • SFN

    I am extremely disappointed in President Obama’s compromise. He should never have agreed to allow extension of tax cuts for the wealthy. I have watched the Republicans take stands on issues and hold fast until they somehow get their way. I’d like to see our president have some of the same qualities – he should stick to his commitments and values. He should lead to make things happen and to do what we expected him to do.

  • Bill E

    I invoke the spirit of Will Rogers: “We have the best Congress money can buy.” More true today than in Will’s time, I’m afraid…

  • Doug

    The Guardians Of Privilege (GOP) again hold the country hostage to serve the increasingly wealthy and powerful elite at the expense of the “unclean” majority. Americans are getting what they voted for.

  • Steve

    President Obama did what the hypocrites in a congress controlledl by the Democrats utterly failed to do: He addressed a problem that significantly impacted the unemployed and the middle class. Do the rich get something out of it? Absolutely! Is it the best solution? Probably not. But it is a pragmatic one. To all those passive-aggressive Democrats in Congress that now want to scream bloody murder, put a sock in it. And just remember, you had your chance to address this problem before the elections and you chose not to. Like I tell my clients and my kids, life is full of choices. We make good ones, and we make bad ones. Either way we have to live with the consequences of those choices.

  • Darren

    I would’ve actually liked to see ALL the tax cuts expire. However, I know our government is fractured and not really working anymore. It doesn’t surprise me that these things happen and it isn’t productive to get really upset about it either. I don’t believe in any of the politicians because they are all about maintaining the status quo for themselves. We don’t have a democracy, we have a Republic that is ruled by the ruling elite. I don’t expect much change ever.

  • Steve W.

    Its isn’t unbelievable that President Obama gave into Republican pressure, but it is sad that Democratic Senators haven’t put the pressure on their Republican counterparts to play ball so to speak, especially when a majority of Americans want to see the high-end tax cuts repealed. Those making over $200,000 a year are not hurting to pay the bills.

    Further, small business owners are not required to have their personal income and business incomes entwined. This is a myth. Those incomes are separate and for a business owner to tie up their own personal finances with business finances is their own decision and own gamble.

  • bsimon

    The deal is frustrating, in that, as a stimulus package, its fairly weak, while as an economic package its atrocious – cutting revenue while boosting spending. Perhaps most disappointing is that the President is taking shots from the left for getting a deal passed – which they have been unable to do while controlling both houses of Congress. If they can pass a bill that doesn’t include tax cuts for high earners, the President will sign it. In the absence of that bill, the deal he’s negotiated is the only option on the table.

  • Gloria Scoonover

    The Republican party shows its true colors in this “compromise”. Selfish and greedy people win again. I do not want to hear another word out of any Republican about the size of the deficit after this blatant move to swell our country’s debt. After dealing with the obstructionist ways of the Republicans prior to their winning the House, I can see why the Democrats chose this route. That doesn’t mean that I like it though!

  • James

    I believe if you earn your pay you should be able to keep it. If, as a society we deem it necessary to pay for Police, Fire, Sewers, and government then we should ALL pay a straight tax.

    If you succeed in life then we underlings have no right to penalize someone that took the fortitude, luck and perseverance to succeed.

    Anyone that “earns” 400K+ per year or more had better well be some kind flippin brain surgeon or some greater goodness to this earth. If you are raping the company or government you should be taken out behind the shed and beat.

    BHO is showing his true colors…. Yet another yellow bellied sap sucker Politian community organizer.

    Take a look at California,, they are $6.9 BILLION in the hole with 12.4% unemployment rate… they are the canary in the mine.

    Our country is heading towards economic collapse with Ben Bernanke and BHO at the helm.

    Baton down the hatches … storm is a brewing.


  • Gary F

    For all the Democrats who think that “bipartisanship” is the Republicans just giving in to your Democratic ways, we saw true compromise.

  • Judy

    I thought President Obama was a Democrat but now he’s behaving more like an extreme right wing Republican. We must insist that billionaires and millionaires pay their fair share of taxes, and extending their low taxes is disastrous for the rest of the country.

  • luann Heim

    I am concerned and saddend by the compromise. While I realize that there are limits to what is possible in terms of the president and Democrats getting what they want, the injustice of the tax credits for the wealthy are not justified in my opinion at the expense of so many people who need help and the deficit that cannot be forestalled forever. At some point there is a price to pay for the inequalities that continue in terms of the gap between the wealthy and the rest of us.

  • David Poretti

    The compromise negotiated (?!) by President Obama is bad policy, bad politics and defies logic.

    In a time of massive deficit spending (did President Obama listen to the core “Tea Party” message???) and when there are grave concerns about the solvency of Social Security, to take on more debt to the overwhelming benefit of those who least need it and de-fund Social Security is unconscionable.

    We are all in this together – let the citizens of this country share the lifting that it will take to get our financial books back on track – allow the “temporary” tax cuts expire and bring us back to the tax rates of the 1990’s.

    Borrowing money to give a multi-millionaire a tax break is beyond the pale. Holding the Republicans feet to the fire would be their “Waterloo” with the “Tea Party” – how can they possibly defend a tax breaks for the “Donald Trumps” of the country while the loss of unemployment insurance leaves families in need?

    A policy that offered an enhanced tax break for charitable donations would give the wealthiest a chance to do some good with their excess and get a direct benefit, too – while providing for a growing need in our country.

    Finally, rather than temporarily de-funding Social Security, we should eliminate the cap on earnings that are subject to the FICA tax – why should someone who earns $50,000 per year pay a higher percentage of FICA tax than someone who earns $50,000,000? Why should someone who earns $100,000 per year pay the same $ amount as someone who earns $100,000,000?

  • Gary F
  • Lawrence

    Well, obviously, neither side is happy – the republicans wanted to end unemployment benefits while the democrats wanted to end tax cuts to the wealthy. That satisfaction alone, probably means this was good legislation. On the other hand, we still have two problems that are not solved 1) how do you spur job growth (which tax cuts won’t and hasn’t for 10 years already), when you aren’t collecting any revenue (i.e. taxes) to invest in job growth? Bottom line, the unemployed and the rich are happy right now, but our economic problems still seek solutions.

  • Jef

    If Republicans are so out of touch with the average tax payer, Obama should have the courage to let all the tax cuts expire. This is politics at its worst. This country has given amazing opportunities to the rich, and those opportunities have a price.

    Like most of Bush’s spending increases, the Bush tax cuts were a bad for the economy, if good for politicians.

    I would gladly pay $25-50 a month to retire $900 BILLION in our deficit. We’ve now proven that these tax cuts don’t spur economic growth. Certainly not jobs.

    Remember Clinton? When we had a balanced budget and no deficit? Raising taxes back to Clinton-era levels isn’t such a scary idea. Except to politicians.

  • Gordon in Two Harbors

    Obama is looking more and more like a one-term president. He needs to learn how to fight.

    Extending unemployment benefits makes good moral and economic sense, but extending tax cuts for wealthy individuals/families only deepens this country’s debt burden.

    If Republicans think they can reduce the budget deficit by reducing revenues, they had better go back and study first grade math.

  • Lou

    Like all policy decisions, this one was made with politics in mind. Since the polls show that the public supports removing the Bush tax cuts for high-income wage earners, I assume that President Obama would like to delay the battle until the summer of 2012 when he should be in a better position to take advantage of these poll results. Assuming that the republicans nominate a member of the right-wing establishment, making the Bush-era tax cuts permanent should be a major campaign issue in 2012 and the President will have the majority of public opinion on his side.

  • Duane

    I find it difficult to understand how a president, with a large majority in both houses was unable to resolve two critical issues, that of extending the tax cuts and the unemployment issue. This administration has not passed a budget for the current fiscal year. The only item of note for this administration is the health care bill which many people are opposed to. I don’t think this president has any clue as to what he is expected to do. To continue to blame the opposition is a hollow defense.

  • Karen S.

    It stinks. It isn’t a compromise: It’s a total surrender and giveaway to the GOP. I’m beginning to wonder if, in fact, Obama is a Republican. He seems to enjoy it when they win and he saves his anger for his own side.

  • Gail R. Maudal

    Does make me think Obama is one more compliant servant of Bildenberg. Watch “the Obama Deception”. Very sad.

  • Jeff

    After reading a lot of these comments it looks like many of you are more concerned with punishing the “rich” instead of wanting to turn the economy around. We need to realize that virtually every economist will tell you that raising taxes during a recession/recovery hurts the economy, it’s as simple as that.

  • P. Nielsen

    Just another example of the democrats caving in to the right-wing. They have no backbone and cannot seem to figure out that this is a group they cannot make any headway against by sticking with their current manner of thinking. Until the democrats return to their true roots and begin to actually fight and dish it back, working people and those needing support from public programs, there will only be more of a return to the robber barons and corporate running of the country. It was a huge mistake and will haunt the party for years and decades to come. Actually, this batch of democrats are nothing more than the old style bunch of republicans, more interested in business and its wants than those they purport to represent. Shame on them all.

  • greg D’roseville

    proof that the voters are forgotten the moment that congress sits down to work. We are running a deficeit and the GOP can’t wait to increase it size by granting an extension of the tax break without paying for it AND agreeing to pile on the additional credits/cuts that Obama wants. President Obama – negotiates like a hurried shopper. “How much is it? any deals ? No?! OK – full price it is!” – should have had Rahm running the deal. Best outcome in my mind – democrats stall the entire process and either get what they want or …. shelve the action and let the cuts expire.

  • Tony

    I’m disappointed, to say the least. My hope is that our congress, while it’s still Democratic, will choose to not support the President’s cave-in.

    Then, as a second hope, I hope the President will veto the Republican’s money-hungry power-grabbing tax-breaks-for-the-rich agenda.

    But a tiger doesn’t change his stripes.

    I fear the economy will get worse. The rich, being already rich, aren’t producing jobs. Making them more rich won’t produce any jobs either.

    Things will get worse in the next two years. It’s time now to start thinking about a Democratic challenger in 2012.

  • Molly

    Quite obvious who the Richpublicans are looking out for, now isn’t it?

  • Bob

    During this protracted discussion about so-called “tax cuts for the wealthy”, some people evidently think government is giving the public’s money away to these greedy individuals. In fact, the debate is about how much of these individual’s lawfully earned money the government is going to confiscate. One message from the election is this: the middle class understands that government will not stop at taxing the rich. When that well runs dry, the middle class is next.

    Obama cut a good deal because he got another stimulus package without going to the wall on this losing tax argument.

  • Jim G

    I don’t believe this compromise is fair. The top earning 30 hedge fund managers whose bonuses are greater than the total salaries of all the nation’s public school teachers get to keep all of their money. The richest 2% get the majority of this almost trillion dollar bill. Meanwhile the 98% of us get the scraps. In return, the unemployed get an extra 13 months of benefits and the working poor get a few tax credits which will also expire before 2012. Looks to me like the middle class and working poor were thrown under a elephantine bus. The richest among us are not paying for the benefits they have reaped from” We the people…”.

  • Steve

    I am so sick and tired of hearing how bad this compromise is and how President Obama should have put up a fight. Fight? That’s what the problem has been in Washington and for that matter the entire country! Nobody wants, nor feels they should have to compromise and we all know what happens when there is no compromise, or perhaps we don’t. What would have happened had President Obama decided not to deal, but to fight? Well, nothing would have passed this year; the votes simply were not there. After the New Year, it would have been even tougher. In the meantime taxes for all of us would have gone up, millions of the unemployed would have lost their benefits and after the first of the year the Republican’s would have made the Bush tax cuts permanent. Both Republicans and Democrats have been acting like little children, wanting their way all the time. Well folks that’s not how life works! I for one am glad to finally see President Obama acting like the responsible parent!

    As a side note, I take offence to the comment that the rich and the unemployed are the only ones happy with this deal. I’ve been unemployed for over a year, I am not happy with being unemployed, nor are the millions of the unemployed. I am not happy with this deal, but the alternative would have been much worse. It’s high time we all grow up!

  • steve

    i have mixed feelings about it-it gives some boost to the economy, but then again it may prolong folks to find work!

  • Brien C

    When did “Compromise” become a dirty word? We expect our opponents to compromise, yet balk when we are expected to do the same. I’m not happy with the tax cut extension, but it’s refreshing to see a leader with the wisdom to offer compromise for the sake of progress.

  • Susanna

    The Republican sink to ever lower ethical levels to force their agenda on us all. They complain loudly about the recession deficit, then demand tax cuts for their friends (the rich) by holding the extension of unemployment benefits hostage. Have they lost all ethical values? I have to think the answer is YES.

  • I’m deeply disappointed in the compromise on the continuation of the Bush tax cuts. The time has come for Democrats to fight for the poor and the middle-class against a Republican Party that believes that helping the rich is good for all Americans. Look at the facts. Check out the wealth, income and poverty trends since 1985. The richest have done spectacularly well while the middle-class has had to fight to stay even and the poor have fallen farther behind. The outcome of the legislation over the past 25 years has been the equivalent of class warfare on behalf of the rich and against the middle-class and the poor.

    In a global economy there is no guarantee that giving more to rich individuals and corporations will benefit the majority of Americans. When individuals look to invest their added income for profit they are just as likely to invest in new growing economies in China, Singapore, Brazil, or India. This makes them richer while it impoverishes the ability of national and local governments to be able to build the social structures that give hope to the poor and the middle-class, such as, education, housing, health care, job transition income support, and childcare.

    I’m afraid if we continue on the path we have been traveling for the last 25 years social cohesion will come apart and American society will be as deeply divided as our political parties are today. We are living in a new socioeconomic reality that is very dynamic. The free market alone cannot do all the work alone. Government needs to play an effective strategic role. Going further into to debt to give the rich even more of a break will not help America. The rich need to contribute more so that governments can create real ladders out of poverty into a new stable middle-class and to reducing America’s huge debt burden.

    I’m also appalled as a Christian by other Christians who are seduced into believing that power and wealth are the sacred measure of a nation’s success in the eyes of God, when the Bible tells us over and over again in the Old and New Testaments that the measure God uses of a nation’s success is how the poor are treated. On that measure America seems to be falling further and further behind.

  • BIG

    As a young person, I would feel a lot better if they had a plan to pay for it. It sure seems like the older people like to give themselves tax breaks every year (for 25 years) on borrowed money. Mean while WE fight YOUR wars (borrowed money, WE will pay), OUR tuition goes up every year, YOU privatized OUR student loans (to save YOU money), and WE can’t find jobs to pay YOUR entitlements because YOU won’t leave the workforce.

    But the second anyone mentions raising the retirement age or cutting SS benefits then the crap hits the fan. Get real!

    Hey oldies… thanks for all of the problems, when we are “allowed” to fix them I would rather have a thank you instead of the middle finger.

  • Patrick

    This compromise is one more billboard advertising the tight grip financiers have on the american people. The liberals squeal. But what have they done to prosecute the evils of banking? The consevatives laugh as the rich get richer. The middle-class stands like a deer in the head-lights. No one dares bite the maggot filled hand that feeds them.

    This compromise is a perfect example of how financiers blackmail and extort the public.

    Obama is only a reflection of the public’s inept spineless submission to Wallstreet and the evils thereof.

  • J R

    What sense does it make to cut taxes when we are fighting two wars and our country is borrowing $5 billion PER DAY? We need an adult to stand up and say we cannot afford extending the Bush tax cuts; we must pay our obligations including costs of the wars we choose to wage! Instead of borrowing the money from China, giving the bulk of it to the richest members of our society and handing the bill to future generations, let’s make sensible decisions that either raise revenue or cut spending.

    Boomers- look at yourselves in the mirror and STOP passing the buck! Your generation is the real ME generation, the generation that decided to max out our country’s credit card so you could pay lower taxes but keep your Social Security and Medicare. Well now the younger generation is looking at the bill and we’ve got sticker shock. Why have you put the responsibility to pay for your retirement and health care on our backs? We are working hard enough to pay off the student loans we had to take out because you cut funding to higher education once you graduated college. There will soon be more people over age 65 than under age 65 in this country. We need to start raising revenues and cutting spending if those under 65 want Social Security and Medicare to be there when they need it. This compromise neither raises revenue nor cuts spending; it’s a step in the wrong direction.

    Businesses and the markets have priced in the expiration of the Bush tax cuts since they were passed (they have always been scheduled to expire at the end of 2010), so to say not extending them would cause a double-dip recession is disingenuous on the White House’s part and is the exact type of fear-mongering they’ve (rightly) chastized Republicans for using. Markets like certainty, and since the proposed extension is again temporary, it will create more uncertainty when they are set to expire and the debate about extending them will rise again.

    I was hoping Obama would be the adult in the room and say we cannot afford this. Hopefully we can count on someone like Bernie Sanders in the Senate to bring us back to our senses before we pass this thing. People – this still needs to pass the House and Senate to become law. Call your US Representatives and US Senators to let them know what you think! They definitely pay attention to how many calls they receive before voting. Go to http://www.house.gov and http://www.senate.gov to find their contact information.

  • Kevin VC

    Funny, the idea that the tax cuts help make jobs…

    When the tax deal has been in effect and we LOST jobs….

    No the rich keep getting rich and don’t want to give up the money they being given…. Its in their nature to be greedy, so by nature they don’t give…..

    Also the argument that you need to fund the unemployment side…. Sure, end the tax breaks…..

    Nuf said.

    The tax breaks works up until its pointless, and that’s to the top 1-2 % of income. who make over 5 TIMES what the average American makes.

    What was it that Bachman said?

    “If we tax the rich were are we going to get the rich people from?”

    How about working harder still. Keep the fight in ya and starve you a little to squeeze more of that ‘uber’ skill you seem to have to do all things right.

    Sorry, but maybe we should just let the tax cut expire, its only hurting anyway…..

  • Jay

    Taxing the rich at a higher rate than those with less wealth is in line with the United States founding principle of checks and balances on power. A very wealthy person can afford to influence politicians, undercut smaller business competitors, and hire expensive teams of attorneys if anyone tries opposing them. Just as the three branches of government were set up to check each other, and freedom of speech and press were granted to expose their abuses of power in turn, so too we must be wary of overwhelming power in private hands.

    We are being sold a false bill of goods when we are convinced that taxing the rich is harming the job creators. They are being taxed on income earned AFTER writing off business expenses and other deductions. What is really happening is that politicians supporting tax cuts for the rich are pandering to their largest donors who can make or break their next run for office.

    Jobs aren’t created simply because business owners have more money to spend. Jobs are created when there is sustained demand for the goods and services produced by those jobs. When there is demand and consumers buy beyond supply, more jobs will be created to meet the demand (provided there is adequate competition to also keep prices low). So, if we really want to create jobs for our fellow citizens, then buy their goods and services. Don’t wait for government to solve this problem; it can’t do it alone. We the people choose with our purchases which economies grow and which ones stagnate.

  • Roger Etter

    Im done with the demacrats and republicans and plan to vote for anyone else i was lied to and was promised that the poor in this country was going to be bailed out .WERE IS MY BAILOUT? iM So mad at congress and the house of reps that i could just scream.Ive lost my carrer of 28,5 yrs and messed out of my pension and insurance and health insurance that i payed cost of living out of my check every week for 28.5 and no one knows were it went your all thievies. and on top of that im disabled and can,t start over ,its to late for me but what about my kids and grand kids? im devestated by all of this.

    Sincerely yours.

    Roger Etter , Newton .Ia