Obama concedes estate tax, payroll tax, Bush tax cuts | ShortFormBlog

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Posted on December 6, 2010 | tags

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Politics: Three things Obama conceded to push through the Bush tax cuts

two number of years the Bush tax cuts were extended for everyone – not just the middle class
4.2% the Social Security payroll tax next year – that’s down two full percentage points, BTW
35% the maximum estate tax rate; there will also be an exemption of $5 million per person source

» Will Democrats go for it? Maybe not; it seems that many congressional Democrats are upset about the estate tax thing in particular, and the overall deal got a weak reception from Democrats in particular. But the GOP likes it. When was the last time Obama pleased the GOP?

Posted by Ernie Smith • Permalink

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