The best compromise for the Bush tax cuts would be to extend the cuts for everyone making under $1,000,000 a year rather than $250,000 a year. This would likely affect less than .05% of all taxpayers and would not harm the economy, as most people making this much money dont spend a high percentage of their income, unlike middle class taxpayers.
Obama should throw cold water on any plan that extends all of the Bush tax cuts for any amount of time. Its bad politics, bad economics, and bad for economic equality.
this idea occurred to me as well, but I'm not sure if it makes sense. how much revenue will that actually take in? and just as importantly, how will it be used? if we using it to support other tax cuts or decrease the deficit it could be a good idea, but what assurance is there it wont just be used for more spending? if it's just more spending, there's really little case for not just letting it be spent privately.
