General Discussion

and you say that MY information is completely off?

"Raises taxes on the wealthiest estates"

That line is pure bullshit. From Obama.

On midnight, the Bush tax cuts expired. THAT raised taxes on the wealthiest estates. The exemption was $1 million and the tax rate was 55%.

Obama's bad deal CUT the estate tax (again, just like he did in 2010). His deal RAISED the exemption from $1 miillion to $5 million and CUT the rate from 55% to 40%. You link to Obama's spin and accuse me of inaccuracy.

That's rich.

And speaking of the rich. The White House link says this "dividends and capital gains would be taxed at a rate of 23.8 percent for high-income households."

Since the Affordable Care Act was NOT part of the Permanent screw America Act that Obama just signed, the extra 3.8% is not relevant to the discussion of the DEAL. The fact of the matter is that, once again, Obama created a tax CUT for the rich. Without the deal, the tax rate on dividends would have gone to 39.6% for the top earners. In fact, it did that, for a few hours. Then Obama and Reid and Pelosi stepped in to CUT taxes on dividends down to just 20%.

Here's a link on who benefits from the dividend tax cut. http://journals.democraticunderground.com/hfojvt/81

"On the other side, the 11,433 filers with income of $10,000,000 or more saved $25.84 billion (28.1% of the benefits going to .05% of the beneficiaries with an average savings of $2,260,124) and the 101,676 filers with income over $2,000,000 got $46.615 billion (50.9% of the benefits going to .47% of the beneficiaries with an average savings of $458,466.)"

Those are tax cuts that Obama has now made permanent. Permanent tax CUTS averaging $2,260,124 for people with incomes over $10,000,000.

And he wants to spin that as a tax increase on the rich?