At the end of 2010, the Bush Tax cuts, which extends to all American tax payers, will expire. Democrats want to extend the tax cuts--but only to those earning less than $200,000 a year, or households earning less than $250,000 a year. The Republicans on the other hand, want to extend the said Bush tax cuts to all American taxpayers, which of course, would also include the richest of the richest Americans (making up the top 2% of all taxpayers). Now the Democrats argue that extending the tax c...
>>>At the end of 2010, the Bush Tax cuts, which extends to all American tax payers, will expire. Democrats want to extend the tax cuts--but only to those earning less than $200,000 a year, or households earning less than $250,000 a year. The Republicans on the other hand, want to extend the said Bush tax cuts to all American taxpayers, which of course, would also include the richest of the richest Americans (making up the top 2% of all taxpayers). Now the Democrats argue that extending the tax cuts to the rich will cost the government $7 Billion over 10 years, which is why they want to limit the extensions of the tax cuts. Republicans on the other hand say that this measure won't save the economy, but less spending will.
What do you think though?
