Tuesday, January 1, 2013

That Fiscal Cliff Thing


Corporations today are making record profits while their effective tax rate is at or near a 60-year low. 

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It's a great day to be an American...earning between $250,000 and $400,000

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(Robert Reich on the bad deal Obama got)

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CBPP's Bob Greenstein calculates #fiscalcliff deal makes permanent 84% of Bush tax cuts, leaves govt "not close" to long term revenue needs

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Your cheat-sheet for the "deal" that doesn't include the debt ceiling, insuring we'll get to go through this posturing and silliness again in two months. Yeah.
(via E.J. Dionne)

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(from Paul Krugman) some perspective . . .(he's come off the ledge a bit, so to speak)

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