"Breaks for middle class impt for families & econ. if top rates don't go up, danger that middle class deductions get hit - bo," the president said via Twitter.Thanslation: Gimmie my tax hikes or the middle class gets it. Later student loans and teachers saleraies came up:
Obama responded that tax cuts without revenue increases would result in a reduction in student loans, while work/study and college tax credits would expire.Translation: Gimmie my tax hikes or students will get it.
The prez is in a pretty good position here.
Plan A: No one agrees with anything and taxes go up next year. The economy tanks, and the prez blames republicans.
Plan B: Republicans agree to more modest tax hikes and budget cuts to be named later. Budget cuts never happen. Economy tanks and the prez blames republicans.
Plan C: Republicans give prez everything he asks for, economy tanks, prez blames republicans.
Going to be a bumpy ride.