Remember when the Republicans said they wouldn’t raise taxes and the Democrats said they would raise taxes on the rich. The last few days are the beginnings of the horse-trading that will make both sides liars and heroes. See this article in Accounting Today by Michael Cohn that shows the next step in the process – Republicans voting a tax increase on millionaires:
http://www.accountingtoday.com/news/Boehner-Plan-B-Fiscal-Cliff-Raising-Taxes-Millionaires-65038-1.html?ET=webcpa:e6459:204199a:&st=email
Soon both parties will endure catcalls and cheers from both sides of the aisle, which means this will probably be a fair compromise.
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