Report: Congressional Tax Deal Finalized

According to The Corner a tax deal was reached this afternoon.
Democrats get their tax hikes.

A Senior Senate Republican aides tell NRO that the tax side of the fiscal-cliff deal has been finalized. Here’s a sketch of the framework:

— Current tax rates would be permanently extended for singles making $400,000 or below, and permanently extended for couples making $450,000 or below

— For singles, capital gains and dividends of $400,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $400,000 would be permanently taxed at 20 percent

— For couples, capital gains and dividends of $450,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $450,000 would be taxed at 20 percent

— The Alternative Minimum Tax would be permanently patched

— Estates over $5 million would be taxed at 40 percent, and that tax rate would be permanently extended

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  • ★FALCON★

    Good Luck winning anymore elections GOP. I’m done with you.

    You have clearly no guiding principles nor values.

    Goodbye and Good Riddance.

  • Paul in N. AL

    Completely disgusting. These people in DC are morons. We need new political parties, being held hostage by these two is tiresome.

  • cavt

    Just reading this tells us how stupid our tax system is and how politicians use it to their advantage. Get rid of the whole thing and go to a fair/flat/value added tax–anything that is simple and can’t be manipulated.

    Oh–what about spending?

    And Falcon, I agree, GOP(with a few exceptions) is worthless.

  • hermie

    Except Obama has already said he plans more tax hikes.

    So ‘permanent’ means until ‘The Won’ declares its time for more tax hikes.

  • neverends

    Falcon, you are correct! The establishment republicans just rang the death knell for those people in the republican party that actually believe in any kind of fiscal responsibility. I hope that there are a few republicans left that have the cajones to speak up and ditch the establishment group completely…but I have serious doubts. I am VERY seriously debating whether or not I will change my registration soon.

  • Robert

    Don’t worry, now the Republicans are really really really going to cut spending.


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  • Jorge S

    GOP is prepping for the debt ceiling, coming around this coming spring. That’s where they tackle spending. They have all the chips after tonight. I’m not not raising taxes but this is the best path for GOP now. Well get taxes back in order in 2016.

  • bg
  • Sam Stone

    No word on spending? $11 Billion a day is spent. Can;t we get it to $10 billion?

    40% death tax? Why not just take it all?

  • bg


    “The new Republicans are the old Democrats,
    The old Democrats are the new Progressives,
    The new Progressives are the old Communists”

    – bg


  • bg


    GWB : the last American President.. :-(


  • Adirondack Patriot

    Oh, goody! This will prompt economic growth! More money for a failed government.

    Unemployment will be 10 percent in 2013. Government debt will continue to rise.

    The best way to raise revenue is to let the private sector create jobs.

    The best way to get people off welfare (abnd reduce government spending) is to let the private sector create jobs.

    The best way to improve investment opportunities is. . . well, you get the point.

    Obma doesn’t.

  • ★FALCON★

    My “Divorce” from the GOP has been slowly happening for 20 plus years, if not longer. Actually, I remember when it began – with the election of G.H.W. Bush.

    The party treats me like a battered spouse, as a low-life unworthy of their consideration until I file a Restraining Order. Consider yourselves served.

    Well, today, you got your freedom to act like a drunk in public, to wreck the car, to quit your job and gamble like the fool you are.

    I’m not going to be here to stick-up for you any longer.

    When the “relatives” talk behind your back, I’ll agree with them, no more defense for you.

    When your boss (formerly known as me) calls and wonders why you didn’t show up for work, I’ll tell your boss your smashed outta your gourd again and in no condition to make any decisions on anything relevant matters. And that’s what I’ll say IF I’m in a good mood. If I’m in a bad mood, well, you don’t really want to know what I’ll say.

    You kicked me around for longer than I care to remember. And today was the end.

    Further, I would like you to know – it is partly your fault that I never did achieve a 5 million (your new mega-ultra rich base line) dollar a year pay package. You placed so many restriction on the working class of this country that we often need two jobs just to pay the taxes that you claim are “fair”.

    Now, lastly GOP, tonight, I’m going to get drunk, and screw your best friend, make a video of it all and post it on Facebook and send it to all your friends. I hope I can humiliate you as you have done to me for more than 20 years.

    Fin. Just like you.

  • shadow

    Drudge No. 1 and WND No.2


    That might be the funniest thing I’ve seen all year.

  • TeachX3

    ★FALCON★ … HAHAHAHA you crack me up. I agree with your comment completely, until that last paragraph… watch out for those ‘best friends’ 😉 Happy New Year to you, be safe!

  • serfer62

    Its 1773 again!
    King George & his evil parliment have taken over Washington DC
    Taxation without representation
    The TEA boxes are at the wharf
    Concord & Lexington are just down the road

  • Lady Mondegreen

    Surfer62, the problem is not taxation without representation.You have representation. You just don’t like what your representatives are doing. That’s democracy.


    Will it pass the house? On to gun confiscation next..

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