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Estate tax deal: worst part of a bad tax compromise

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Alex Brandon/AP

(Read caption) Sen. Claire McCaskill (D) of Missouri (right) accompanied by Democratic senators, from left, Dianne Feinstein of California, Robert Menendez of New Jersey, Charles Schumer of New York, Jeff Merkley of Oregon, and Debbie Stabenow of Michigan, gestures during a news conference on Capitol Hill in Washington Dec. 3, criticizing extending tax cuts for the wealthy. On Dec. 6, the White House announced a compromise with Republicans extending those cuts and including an estate tax rate that is lower than it was in 2009.

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The tax deal reached by President Obama and congressional Republicans (but not Hill Democrats) includes a bit of good, some bad, and some really ugly.

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