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Joel Pett | Attack Holiday Ads / Slate.com

Obama-Republican Deal Could Mean Tax Hike For One In Three Workers

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  • The tax deal reached between President Obama and congressional Republicans could mean a higher tax bill for roughly one in three workers as a result of the Social Security tax cut Republicans pushed as a replacement for the current Making Work Pay tax credit.
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  • Olbermann Special Comment on the deal on the wealthiest Americans tax-cut extension
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Ryan Grim, Huffington Post

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The tax deal reached between President Obama and congressional Republicans could mean a higher tax bill for roughly one in three workers as a result of the Social Security tax cut Republicans pushed as a replacement for the current Making Work Pay tax credit.

The Making Work Pay credit gives workers up to $400, paid out at 8 percent of income, meaning that anybody making at least $5,000 gets the full amount -- and gets as much as anybody else. Its replacement knocks two percentage points off the payroll tax cut, meaning a worker would need to make $20,000 to get a $400 break. Of the nation's roughly 150 million workers, around 50 million make less than $20,000 and will see at least some increase as a result.

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Related:

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Olbermann Special Comment on the deal on the wealthiest Americans tax-cut extension, Hissyspit, Democratic Underground

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  • In exchange for this searing and transcendent capitulation the President got just 13 months of extended benefits for those unemployed for less than a hundred weeks, and they got nothing, absolutely nothing, for those unemployed for longer, the 99ers.
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  • (It is) not disloyal to say Obama (is) 'Goddamned Wrong,' Republicans (are)  'Treasonous'.
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  • Mary Landrieu (D-LA): 'Obama-McConnell Plan' Is 'Almost Morally Corrupt'
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Summary | Barack Obama, Change We Can Believe In: Week of December 12

6 New Items including:

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  • President Obama is neither weak nor stupid... nor a progressive
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  • Save Obama's presidency by challenging him in the Democratic Presidential Primaries
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David Culver, ed., Evergreene Digest

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Lisa Benson

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President Obama is neither weak nor stupid... nor a progressive, Laurence Lewis, Daily Kos

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  • Politicians are but political tools, and they are not the only political tools. They are only as useful as the agendas they are willing to pursue. We don't owe them our loyalty, they owe us theirs. There are other political tools, and there are means of organizing that transcend the elective political game. It's about the issues. Given the gravity of the stakes, we have to focus on the issues, without excuses, and in some cases without compromise. That means we have to accept some politicians when there are no immediate alternatives, and we have to try to push them to do better and to be better even when it is counter to their own political ideologies, but it also means we can't pretend they are something they are not; and it also means we have to create a climate where there will be better and legitimate alternatives.
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  • Note to “the Left”: Obama Hates You
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Obama’s Hostage Deal, Paul Krugman, New York Times
The point is that by seeming angrier at worried supporters than he is at the hostage-takers, Mr. Obama is already signaling weakness, giving Republicans every reason to believe that they can extract another ransom. And they can be counted on to act accordingly.

Save Obama's presidency by challenging him in the Democratic Presidential Primaries, Rabbi Michael Lerner, Tikkun/Network of Spiritual Progressives

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  • Those of us who worry that a full-scale Republican return to power in 2012 would be a disaster not just for those hurting from the Republican-policy-inspired economic meltdown but also the environment, social justice and world peace believe it is critical to get Obama to actually become the candidate that most Americans believed they elected in 2008.
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  • Lerner's Wash Post Call for Primary Challenge to Obama Shatters White House Calm
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  • The left has lost its nerve and its direction
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  • 10 Commandments to Revive Progressives After the November Defeat
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Olbermann Special Comment on the deal on the wealthiest Americans tax-cut extension, Hissyspit, Democratic Underground

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  • In exchange for this searing and transcendent capitulation the President got just 13 months of extended benefits for those unemployed for less than a hundred weeks, and they got nothing, absolutely nothing, for those unemployed for longer, the 99ers.
  • \r\n

  • (It is) not disloyal to say Obama (is) 'Goddamned Wrong,' Republicans (are)  'Treasonous'.
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  • Mary Landrieu (D-LA): 'Obama-McConnell Plan' Is 'Almost Morally Corrupt'
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Flashback: Obama Slams Bush Tax Cuts For 'Millionaires And Billionaires', Shahien Nasiripour and Ben Craw, Huffington Post

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  • During at least three pre-election rallies, Obama, playing to crowds filled with die-hard supporters, railed against the tax cuts for the wealthy, eliciting rounds of boos from the audience, according to White House transcripts.
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  • Mary Landrieu (D-LA): 'Obama-McConnell Plan' Is 'Almost Morally Corrupt'
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The Charade of Israeli-Palestinian Talks, Noam Chomsky, truthout
Washington’s pathetic capitulation to Israel while pleading for a meaningless three-month freeze on settlement expansion – excluding Arab East Jerusalem – should go down as one of the most humiliating moments in U.S. diplomatic history.

Summary | Bachmann & Kline Watch: Week of December 12

4 items including:

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  • Bachmann in running for ‘Lie of the Year’ in PolitiFact contest
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  • Bachmann, Kline: Obama’s not saying ‘God’ enough
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David Culver, ed., Evergreene Digest

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Taylor Jones

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Bachmann makes ‘most-embarrassing’ list, again, Andy Birkey, Minnesota Independent
Rep. Michele Bachmann made Citizens for Responsibility and Ethics in Washington’s 2010 Most Embarrassing Re-elects list, along with 10 other members of Congress. The rankings, released Monday (Dec 6), include an even split between Democrats and Republicans who, according to CREW, have violated the public trust.

Bachmann in running for ‘Lie of the Year’ in PolitiFact contest, Patrick Caldwell, Minnesota Independent
With the end of 2010 approaching, the St. Petersburg Times’ PolitiFact is holding a contest letting readers chose the “Lie of the Year.” In the running — for her recent incorrect claim that President Obama’s trip to India would cost $200 million per day — is Minnesota’s Michele Bachmann.

Bachmann: Obama ‘flat out lied’ over tax cuts for the wealthy, Andy Birkey, Minnesota Independent
Rep. Michele Bachmann told radio host Mark Levin on Tuesday that President Obama “flat out lied” during his press conference on the tax cut plan he’s negotiating with Republicans. The 6th District Republican seemed to take issue with Obama’s assertion that Republicans oppose tax cuts for the middle class — the party voted against them in the House last week because the Democrats didn’t include a tax cut for the nation’s wealthiest — and said Obama’s speech was “highly partisan, bitter, angry.”

Bachmann, Kline: Obama’s not saying ‘God’ enough,  Andy Birkey, Minnesota Independent
Republican Reps. Michele Bachmann and John Kline, as part of the Congressional Prayer Caucus, chastised President Obama for not portraying America as a more Christian-like nation to the rest of the world. In a letter on Monday, the caucus complained that Obama omitted the word “God” five times during his recent trip to Indonesia and called on him to correct the record.

Obama’s Hostage Deal

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The point is that by seeming angrier at worried supporters than he is at the hostage-takers, Mr. Obama is already signaling weakness, giving Republicans every reason to believe that they can extract another ransom. And they can be counted on to act accordingly.

Paul Krugman, New York Times

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Submitted by Evergreene Digest Contributing Editor Lydia Howell

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I’ve spent the past couple of days trying to make my peace with the Obama-McConnell tax-cut deal. President Obama did, after all, extract more concessions than most of us expected.

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Yet I remain deeply uneasy — not because I’m one of those “purists” Mr. Obama denounced on Tuesday (Dec 7) but because this isn’t the end of the story. Specifically: Mr. Obama has bought the release of some hostages only by providing the G.O.P. with new hostages.

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