Let the Bush tax cuts expire
Tax cuts that were signed into legislation by President Bush in 2001 and 2003 will expire next year, unless Congress votes to extend them. President Obama has said that he favors extending the tax cuts for individual taxpayers who earn less than $200,000 per year and households that earn less than $250,000 per year. Not surprisingly, our politicians are split—generally speaking—on whether these tax cuts should be extended or allowed to expire. Democrats are in favor of letting the tax… Read more
