January 10, 2013 10:41AM 

# Oh, *Great*

By [Sallie James](https://www.cato.org/people/sallie-james) 

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From [the *Hill* yesterday](http://thehill.com/homenews/senate/276205-mcconnell-to-take-entitlement-talks-lead-boehner-in-back-seat#ixzz2HaJslPsz):

> Lawmakers see the passage of a bill to extend most of the Bush-era income tax rates and settle the question of estate, capital gains and dividend tax rates as a template for how to move the next installment of deficit reduction.

Considering how the [fiscal cliff deal turned out for taxpayers](https://www.cato.org/blog/grading-fiscal-cliff-deal-terrible-could-be-worse), that is not good news.

##### Related Tags 

[Government and Politics](https://www.cato.org/government-politics), [Tax and Budget Policy](https://www.cato.org/tax-budget-policy) 

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