Who Won in the Fiscal Cliff Deal?
inequality.org — Who won in the fiscal cliff deal? The lawyers won. Well, not just the lawyers. The lawyers, the doctors, the dentists, the middle managers, the advertising executives, the whole MBA crowd. Who won in the fiscal cliff deal were all those individuals making between $113,700 and $400,000 per year. For couples the numbers will be slightly higher, but still in the lower six figures. They’re the ones who will pay the least in new taxes. The fiscal cliff deal is not a bad deal. But it’s not a progressive deal. It’s a deal for the comfortable, not a deal for the struggling and the poor. Those of us with good jobs and advanced degrees can be satisfied. For the 80% of Americans who don’t, it’s just more bad news.