I'm ready to fall on my face, after too many chores and too much solo parenting, but I wanted to throw out a quick post on today's tax compromise.

President Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed, cut payroll taxes for all workers for a year and take other steps to bolster the economy.

This is utter rubbish, and my twitter feed is loaded with bile about giving the super rich another year of low taxes, increasing our deficit, and borrowing even more from China. There is a lot of bile directed at Obama himself.  A sample:

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RBReich Robert Reich

This isn't just a matter of "liberal" indignation. All Americans should be appalled that politicians are so clearly controlled by the rich.

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RBReich Robert Reich

Bush's 2003 tax cut gave those with incomes over $1 m and average tax cut of $90K per year. And O & Dems extend it without a fight?

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RBReich Robert Reich

Unless you stand up to bullies they will be encouraged by your unwillingness to fight. Yet O refuses to fight on matters of core principle.

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RBReich Robert Reich

Concentration of income and wealth at the top is the single biggest economic reality of our era, yet O allows them a tax cut w/o a fight.

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RBReich Robert Reich