Monday, December 3, 2012

Who Benefits And Who Pays: Fiscal Cliff Version

At last, House Republicans have made a counteroffer to the President's proposal. That's the good news. The bad news is that they still speak in vague generalities. Hard to score those.

http://jaredbernsteinblog.com/fiscal-cliff-the-rs-counteroffer/

It was already clear that the proposal intends to reduce federal assistance to states for safety net programs. Republicans also want to do away with deductibility of state and local taxes. Just incidentally, this would hurt blue states in particular. So pay careful attention.

http://jaredbernsteinblog.com/the-states-of-things-to-come/

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