Graph: What The Republicans and Obama got with the negotiated tax deal

[Ruby the Liberal]

Courtesy HuffPost article: http://www.huffingtonpost.com/2010/12/10/obamarepublican-deal-coul_n_795187.html

[FBaggins]

1. Not an entirely honest graph.

The payroll tax holiday is accounted for properly. It's a one-year expense that expires at the end of the year. The high-income rate cuts are calculated over ten years even though they expire after two. It says "if they aren't repealed" - but that isn't true. If nothing is done they go away.

The general theme, however, is correct. Republicans are getting more of what they want than we are.

But the picture doesn't get rosier in January.

[doc03]

2. Another dishonesty here, the chart does not show

the cost of the Bush tax cuts for people making under $250,000 that are also extended. But it does give the cost of the tax cuts for people making over $250,000 going out 10 years totaling $700 billion. The reality is the tax cuts for the rich are going to be extended 2 years not ten years and the cost is really $140 billion.

[FBaggins]

5. That first part is less "dishonesty" and more perspective.

The middle-class tax cuts are not "scored" as a win for either party. In theory, both support them.

[doc03]

3. delete

[ChimpersMcSmirkers]

4. Compare 10 year numbers with 2 year numbers and then drop the middle-class tax cut.

Leftist need to up their game or they risk looking like Teabaggers.

[Ruby the Liberal]

6. My understanding is blue = 2 year UI and FICA, Red = 10 year Estate and Income

[FBaggins]

7. Right. Which *isn't* the "negotiated tax deal"

n/t

[Ruby the Liberal]

8. Thanks for your help in understanding this - where is it off?

[BzaDem]

9. The deal only includes the rich tax cuts (actually all Bush tax cuts) for 2 years.

[BzaDem]

10. That graph is so inaccurate.

First, it assumes that the rich tax cuts will be extended but everything else will expire.

Second, it doesn't even include the 3.3 trillion of middle class tax cuts that would be extended even if the rich cuts were magically extended.

[hfojvt]

11. I would not include the payroll tax holiday

like it is some kind of victory for progressives, because it is more regressive than what it is replacing http://journals.democraticunderground.com/hfojvt/135

[bluestate10]

12. Apples and oranges.

Comparing a two year total to a ten year total will always result in the two year total looking worse, if no marginal basis from which to measure them is included. You failed to mention that 50 billion in that two year total is what's called economic multiplier dollars, ie, every dollar spent creates 4-7 dollars of spin-off economic activity. So, on the bottom end, add 200 billion to the two year plan, on the top end, add 350 billion. When all is taken into account, the two year total is mightily impressive.

[jefferson_dem]

13. Unrec...

For an obviously inaccurate graphic.