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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP Is Ready to Throw Millionaires to the Tax Wolves
Staring down the fiscal cliff, Republicans are calling on a possible compromise with Democrats to increases taxes for Americans earning more than $1 million a year a policy first championed months ago by House Minority Leader Nancy Pelosi.
The lower tax rates first enacted under George W. Bush will expire at the start of next year, hitting the country with a potential $200 billion tax hike. President Obama was reelected last week on a platform that included keeping the lower income rates for Americans making less than $250,000 a year, which could increase federal coffers by $44 billion next year.
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more at http://www.thefiscaltimes.com/Articles/2012/11/12/GOP-Is-Ready-to-Throw-Millionaires-to-the-Tax-Wolves.aspx#ekHrde4yRcfVfp3z.99
Angry Dragon
(36,693 posts)Indykatie
(3,697 posts)Are we even talking about that as part of the plan?
nadinbrzezinski
(154,021 posts)That people tell me is not possible?
RedCloud
(9,230 posts)lindysalsagal
(20,692 posts)librechik
(30,674 posts)we want prosecutions of financila criminals and more equality across the board. They aren't ready for what we want.
bluestate10
(10,942 posts)I can get aboard, although I would like to see the increased tax rate applied to $400,000-500,000 incomes and above. The $400,000 is important because it would for sure include the President, which is an outcome that I think he surely wants.