2013-01-01

Obama Saves U.S. From Fiscal Cliff


Fiscal Cliff Save Adds $4 Trillion to U.S. Debt

"In other words, the tax deal that Congress just agreed to will raise $125 billion from increased payroll taxes from all working Americans (poor and middle class alike), while saving the richest Americans at least $20 billion in dividend taxes."
The Wealthiest 400 American Tax Payers Receive $20 Billion Tax Break From Obama's Fiscal Cliff Deal

But, the downtrodden and suffering folks at NASCAR, Goldman Sachs, railroads, mining companies, GE and Hollywood were spared:
http://www.nakedcapitalism.com/2013/01/eight-corporate-subsidies-in-the-fiscal-cliff-bill-from-goldman-sachs-to-disney-to-nascar.html