Democrats to Propose Extending Middle-Class Tax Cuts

[FredK]

Senate Democrats will soon advance a plan to make permanent President George W. Bush's 2001 tax cuts for middle-class Americans earning less than $200,000, but let the tax breaks for the wealthiest Americans expire, two Senate party aides said Tuesday. They will also propose to reinstate a 45% estate tax on individuals for the next two years.

The emerging tax plan is designed, as much as anything else, to clarify the differences between the two parties as they hurtle toward the fall elections. Following on their success with the financial-regulatory-reform bill, Democrats are betting that Republicans will once again take up a legislative battle on behalf of the wealthy. "Republicans are going to have a real choice ahead of them," says a Democratic aide. "Are you for extending these tax cuts for middle-class families or are you against them because you want to protect tax cuts for the wealthiest 1% of Americans?"

http://news.yahoo.com/s/time/2010072...08599200538900

Damn choices...

[Billy_Rightwing]

http://news.yahoo.com/s/time/2010072...08599200538900

Damn choices...

Question Fred, have you ever got a job from a poor person or broke company?

[Dave Grubb]

My personal tax situation has never influenced either hiring or expansion of my business one way or another--you show me someone who claims it has and I'll show you someone who should have stupid tattooed across his forehead

Do you suppose that your chubby buddy and the rest of the talking heads you are so endeared to ---just might have a personal bias on this issue--since it will get into their pockets

I have to give the Dems credit on this one--they actually found a smart position--a bit of a surprise.