THE COMPROMISE WILL CUT THE TAXES THE GOP WANTS CUT TOO:

President Obama finally found a tax cut Republicans don't like.

In his State of the Union speech last night, Obama formally, if obliquely outlined his proposal for nearly $200 billion (over ten years) in middle-class tax relief. It includes an expansion of the existing child-care and earned income tax credits, as well as a new $500 "second earner" tax credit for married couples.

Now, it would hardly break Uncle Sam's bank if Obama had chosen not to pay for these tax reductions. They would add just 2 percent to the projected level of debt accumulation over the next decade. That's a rounding error. But Obama did decide to pay for them, by raising taxes on wealthier Americans. 

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