bigdarryl
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Wed Sep-01-10 06:22 PM
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I though the Bush tax cuts automatically expired |
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This is a article on the same corporate assholes who are expected to vote to continue the tax cuts I didn't know there was a vote http://www.mcclatchydc.com/2010/09/01/99992/democrats-unlikely-to-repeal-tax.html
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The Magistrate
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Wed Sep-01-10 06:40 PM
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1. They Do, Sir: Here Is What Is Going On |
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The proper course is to maintain present tax levels, including a 10% bracket, substantial increases in dependent deductions, etc., that benefit ordinary tax-payers, while costing the Treasury relatively little, while allowing the reduced rates for the top two percent of tax-payers to return to what they were during the nineties, recouping for the Treasury many billions we badly need.
Doing the former requires an affirmative vote, otherwise all rates go back to what they were. Republicans, and wretches like Ben Nelson and Lieberman and a rag-tag of 'blue dog' representatives who will not be in the House next term in any case, refuse to allow the rates to remain as they are for most people if the millionaires and billionaires do not get their present gifts from the Treasury as well.
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dkf
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Wed Sep-01-10 06:42 PM
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So does $500 of the $1000 child tax credit, the repeal of the marriage penalty, and the 10% tax bracket.
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Skink
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Wed Sep-01-10 06:57 PM
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Fri Apr 26th 2024, 04:02 AM
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