General Discussion
In reply to the discussion: Now it's Their Turn, "How Does Shit Taste?" [View all]Unemployment benefits continue for 1 year.
Middle Class tax cats are permanent. Individual rate increase at $400K ($600k less than the $1M plan "B" proposal that didn't get a majority Repuke vote)
Caps on deductions which begin at $250K
No entitlement give-aways
Forced Repukes to vote for a tax increase, splitting their forces, especially in the House.
Child tax credit and tuition tax credit remain.
AMT removed for middle class
doctor's 27% fix not tied to Obama-care (He said he likes the term Obama-care, so now I use it).
Inheritance tax increased from 35% to 40% (I agree, I'd like to get this threshold down to about $2.5M from $5M, but negotiations are give and take).
You have to remember, our US Senators from Conn., Cal., NY and NJ all wanted a higher threshold than $250K, as their constituents are higher earners and the standard of living in those states is also more.