There is a well known proverb that god proposes but man disposes. It is also applicable to the finalization of tax bill which has been placed by Obama. New revised tax bill has been placed for the approval in White House. However there is a mixed reaction after the declaration of this revised tax legislation measure.

Republican Ginny Brown-Waite told reporters that this new tax measure will encourage unemployed youths to get jobs and it will also provide safeguards to small scale industries to live in healthy commercial ambience. The fact is that this bill must be passed in White House for opening new ways in private sectors.

On the other hand, Democratic Party has showed their hostility and grievances against the objectives of the measure taken by Obama.

They believe that few sections of the tax bill need to be modified as these clauses spoon feed upper middle class and the elite society.

In the bill, up to 5 million dollars worth estate has been exempted from tax with fixation of 35 percent tax rate afterwards whereas democratic party claims that tax rate should be 45 % on the total value of 3.5 million worth asset.