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View Diary: Nancy Pelosi's middle-class tax cut extension sets the bar too high (74 comments)

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  •  IF the GOP agrees to an upper limit (0+ / 0-)

    and that is a BIG if, it will most certainly come with a demand that everything that is being renewed will be renewed permanently.  Why would they ever concede anything without getting a permanent solution?  That is why they won't agree to any decoupling - because once that happens, there will never be another high end tax cut.  There won't be anything on the low end to trade for it.

    My bet is that they agree to the $1M limit.  The Powers that Be really don't care about those of us who make between $250K and $1M.  We're closer to the rabble than to them.  What they really want is the cap gains taxes and the inheritance tax to stay low. Those don't significantly benefit anyone making under $1M/year.

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