Here's What's in the Taxpayer Relief Act of 2012

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    In this new White House White Board, Brian Deese, the Deputy Director of the National Economic Council, explains what the new agreement to extend tax cuts for the middle class means for the economy and how it met President Obama's key economic priorities.



    tnmarie, NRSKarenRN, herring_RN, and 1 other like this.
  2. 41 Comments so far...

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    I am certain that there are a great many people who will remain unhappy about this...oh well.

    I was pretty darned unhappy about the invasions of Afghanistan and (especially) Iraq...I lived, so I guess they will too.
    aknottedyarn, wooh, NutmeggeRN, and 3 others like this.
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    more useless drivel for the "low information voter" from the propaganda arm of the White House.
    Last edit by Joe V on Jan 10, '13 : Reason: removed long quote
    iteachob, msn10, jeannepaul, and 2 others like this.
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    Quote from Joe V
    In this new White House White Board, Brian Deese, the Deputy Director of the National Economic Council, explains what the new agreement to extend tax cuts for the middle class means for the economy and how it met President Obama's key economic priorities.
    Yes, a nicely spun broadcast from the Department of "Making Those Without" believe that they are of value, and DESERVE to receive from Those With.

    I find it interesting that the White House dared to use the word "permanent" or "permanently", related to tax changes. As if there were such a thing. Of course, it's permanent...until it changes. Poor little sheeple...believe what you're told by Big Brother.

    "This agreement doesn't cut Social Security benefits, Medicare, or Medicaid. That's because the President stood strong against reducing our deficit on the backs of Seniors, students, the poor, and working families." How freakin' precious. So good to hear that the President failed to face up to the realities of overspending (here at home, and in foreign lands), given fiscal reality. Vote for him!

    Pitiful, yet expected.
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    I read that the mortgage deduction remains unchanged, also you can still deduct PMI for another year at least and they have given another year of tax forgiveness for those whose mortgage loan is forgiven either thru foreclosure, bankruptcy or short sale. Otherwise you'd have to pay taxes on the amount of the unpaid loan.
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    With interest rates so low now is the time to completely eliminate the mortgage interest deduction loophole for everyone. There isn't much interest to decduct now with rates in the 3% range.
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    Social Security tax ^ = smaller paycheck. And that's supposed to help the lower- and middle-class taxpayer......how?
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    I am just tired of worrying over "Government Manufactured Crisis" like the Fiscal Cliff, and waiting to see if our tax rates will go up(no matter if its a Dem or Rep) behind it.

    I just have so little faith in the Grown Educated men so out of touch with common American worries in Congress.I really believe Globalization is the beginning birth pains if the End. I also believe as Lincoln said, "A House Divided Cannot Stand." I've been hit with enough ceiling tiles to start believing that as a prophecy
    Last edit by BostonTerrierLoverRN on Jan 10, '13
    aknottedyarn, tewdles, VivaLasViejas, and 1 other like this.
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    Quote from VivaLasViejas
    Social Security tax ^ = smaller paycheck. And that's supposed to help the lower- and middle-class taxpayer......how?
    Ummm....by ensuring the long term viability of Social Security, for our most fragile members of society - the elderly.

    Yeah, that's it! Help the elderly.

    And stuff.

    Not to mention, provide added dollars to be borrowed to reduce the apparent National Debt ($2.72 Trillion, according to Who Owns Most of the US National Debt ).
    aknottedyarn likes this.
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    If you can get that rate, I am currently underwater at 6.25.....fortunatly I am able to make my payment and will continue to do so plus extra to pay down the pricniple and will refi when it makes sense.

    This time I won't take any extra money out....oh well, live and learn......


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