OK. Our backs are against the wall. The progressive preference (and that of over 75% of the American people) is to extend the Bush tax cuts for income under $250,000 permently and let the additional tax cuts for those over $250,000 expire. But do to either the Weeble White House's inability to fight or as Nate silver writes the Dem's "not very strong" position, we have three outcomes to expect:
There are essentially three possible outcomes in the debate: first, that the tax cuts are extended for everyone; second, that they are extended for no one; and third, that they are extended only below some threshold, most likely $250,000 for couples (although alternatives like $500,000 and $1 million have been proposed).
But as a wise Jedi once said: "There is another"
See you after the jump.
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