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The $250,000 amount for a family is in my opinion way too low and a silly mistake on the part of Obama and the Democrats. I would change that number to $One Million for a family and $500,000 for an individual.
Posted by CriticalThinking
Obama and the Democrats tried to get the republicans to agree to the $1 million threshold when the Bush tax cuts were set to expire and the cons wanted them extended. In fact, it was VP Biden that started the negotiations at that figure.
As usual, the republicans wouldn't take YES for an answer, and the threshold was lowered to $250,000 as the negotiatons drug on and Democrats came under fire.
Remember when the republicans refused the "Grand Bargain"? Bet they're wishing they had taken that deal when it was staring them in the face now, too.