turn to the centre will be not made to wait

turn to the centre will be not made to wait. A month after the democratic setbacks at the mid-term of the November 2 elections, Barack Obama, announced Monday night, his first great "compromise" with the Republican majority in the House. Presented as a "framework" still subject to approval by the Congress, the device - which the tax cost is estimated at 500 billion dollars according to the Congressional Budget Office (CBO) - promotes the extension for two years of tax deductions from the Bush administration, for all taxpayers, including the 2 of American households whose annual revenues exceed 250,000 dollars a year. Barack Obama, who had openly campaigned against the extension of tax deductions for high income, it is a major concession justified by the urgent need for a compromise and the economic situation.

"Through this agreement, millions of American households will see not their taxes increase to January 1." "Without him, the middle class would have been the collateral victim of a political warfare in Washington", explained Barack Obama urging the Congress to be realistic. In addition to the extension for a period of thirteen months of long unemployment duration, the Obama administration received a reduction of 2 percentage points (from 6.2 to 4.2) of the social contributions pay for more than 155 million employees, a tax of 120 million in 2011 and a two year extension of tax credits for low income ("child tax credit" and "earned income tax credit"). However, at the request of Republicans, the compromise also provides a cap on the rights of succession to 35, after a deductible of 5 million by heir, or the lowest tax rate on estates since 1931.

$ 900 billion

"This is not perfect." There are elements in this compromise that I don't like, namely the extension of deductions for the wealthiest Americans and the regime of the estates. "But these deductions will be removed within two years," noted Barack Obama by invoking the urgent need for an agreement before December 31. However some Democrats elected, as the representative of Vermont, Peter Welch, made no bones dissatisfaction by denouncing the "fiscal irresponsibility" of the manoeuvre and his character "grossly unfair". In its editorial yesterday, "new york times" called the compromise of "disappointing retirement" for the White House considering even the reduction of the rights of succession as a "capitulation". Concessions to the 2 of the most privileged households are involved in the aftermath of the statements of the President of the FED, Ben Bernanke, on the widening of inequalities in the United States. Rather greeted favourably by markets who see it as a vector of growth, this new set of tax measures (including the overall cost is estimated at 900 billion by some analysts) is also a few days after the recommendations of the bipartisan commission of the Congress to reduce the public debt of 4,000 billion by 2020 and the Federal deficit to 2.3 of GDP by 2015 (from 9.1 in 2010). According to calculations by the think tank Citizens for Tax justice, "" tax giveaways controversial granted by the Bush administration in 2001 and 2003 were already represented a tax cost of 2,100 billion over ten years.