Tax Implications of the Obama Negotiation

For those who think that the tax cuts will doing something great, you can read this.  Or this is for those of you think that Obama’s negotiation was ok (admittedly there are few Obama supporters in Coral Gables).

…Killing the tax cuts would alone reduce the national debt by roughly as much as the deficit commission’s entire proposal. And killing the tax cuts was the path of least resistance. Obama could have done it by doing nothing. Or he could have done it by taking a strong negotiating position and being willing to walk away from the table.

via Tax Cut Ironies « The Baseline Scenario.