“Changelessness we can’t believe in. Not much of a slogan, I admit, but a pretty fair statement of where we’re at after the president’s tax deal with congressional Republicans,” columnist Harold Meyerson complained. His main beef is that the tax deal won’t do enough to spur the economy. Meyerson wrote: “Holding income tax rates at their current level would merely perpetuate the economic status quo. The extension of unemployment insurance is the deal’s most effective provision for maintaining the amount of money in circulation — but it does nothing to raise that level. Like most of the provisions that came from the White House, its effect is more humanitarian and anti-contractionary than stimulative.”
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