"...Under the agreement reached with Republicans, the top 1 percent will receive breaks of about $70,000."

"...families with an income near the median of $55,000 would owe about $2,700 less in taxes than if the Bush-era cuts had been allowed to expire.
 
A two-income couple earning $146,000 would owe about $7,000 less than if the tax cuts were allowed to expire, and about $3,400 less than they did in 2009.
 
...the $120 billion payroll tax reduction...will nonetheless lead to higher tax bills for individuals with incomes below $20,000 and families that make less than $40,000.
 
The estate tax — which was allowed to lapse this year and was scheduled to resume at a rate of 55 percent on most assets above $1 million — will be reinstated under less onerous terms. Estates over $5 million will be subject to a 35 percent tax.
 
The proposal will also maintain the current rates on dividends and capital gains, averting scheduled increases to ordinary income and 20 percent, respectively.
 
The marginal tax rate on high incomes will also remain unchanged.
 
The top brackets had been scheduled to increase to 36 percent and 39.6 percent, from 33 percent and 35 percent.

Is the tax package borrowing from future taxpayers
to pacify the present populace?

...Under the agreement reached with Republicans, the top 1 percent will receive breaks of about $70,000."
 
DAVID KOCIENIEWSKI