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View Diary: Why are Republicans calling for more tax revenue but not higher tax rates? (81 comments)

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  •  Agreed!! Obama And The Dems Should Offer The (1+ / 0-)
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    Tim DeLaney

    following during the lame duck session: a return to Clinton era income tax rates on those making $250K and above, and a return to Clinton era tax rates on capital gains, dividends, and estates. A new Wall St. transaction tax and a millionaires's surtax. Elimination of the carried interest tax dodge. Tell the Rethugs to take it or leave it.  If they take it, we win. If they leave it, the Bush tax breaks expire on Dec. 31, and the rates on those making $250K and above go up to Clinton era rates (along with all other rates). Then in January, the Dems can come back with a reinstatement of the Bush tax cuts for those making under $250K and tell the Rethugs again: take it or leave it. If they take it, we win. If they leave it, we have plenty of ammo to hold the Rethugs hostage with, including deep defense budget cuts, and the upcoming 2014 mid term elections. Democrats are holding a better hand - they just need to play their cards smart to get what they want from the Rethugs.

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