Why The Tax Cut Deal Isn’t Cutting It. (via Rortybomb)

Rortybomb is great. I wanted to take a paragraph out and quote him but I couldn’t pass up the graph, so, I reblogged.
Give him a read. It’s richly merited.

James Pilant

Why The Tax Cut Deal Isn't Cutting It. I want to be sold on this tax cut deal on the economics, but the more I look at it the less I'm impressed with it. According to Ezra Klein, the White House is circulating this diagram around the Hill.  James Kwak dissects this chart and the narrative that "Obama won" on this deal; I'll do the same.  Let's take the "What We Got" apart. Child Tax Credit From the Republican Pledge To America (pdf): …these looming tax hikes will hurt every family i … Read More

via Rortybomb