Facing broad frustration from his party's liberal base and many Democrats on the Hill, Obama emphasized the portions of the compromise he reached the previous day that benefit middle class families and the jobless, whose government insurance would have expired without the deal.
Senator Schumer led the unhappy Democrats who kept saying the compromise was a gift to the rich and that Obama is doing an about face (as illustrated below) when Democrats still have the majority in Congress.
Taxpayers in high income brackets are the job creators. Small and medium sized businesses bring their business income into their personal 1040 Income Tax Return because that's how it works for owners of S-Corporation businesses. The net profit from an S-Corp business passes through to the owner's personal tax return.
One of the reasons for high unemployment today is the reluctance of small and medium sized businesses to hire more employees because of the threat that Congress would end the Bush-era tax cuts.
Link to the Washington Post story here.
A picture of my cave
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