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Tax debate shapes elections as Bush era cuts wind down
The piece outlines the expiration of President Bush tax cuts in January and Democratic plans to renew only some, raising taxes on individuals earning over 200000 and couples over 250000. It notes GOP opposition, Tea Party reactions, and the broader political impact ahead of fall elections. It also details the 2009 2010 Making Work Pay credit and other provisions amid state tax hikes and the new Medicare investment income tax.
MENTIONED IN THIS ARTICLE
George W. Bush
Obama
Congress
Steve Cohen
D-Tenn
Grover Norquist
Americans For Tax Reform
Norquist
Capitol Hill Forum
National Conference of State Legislatures
Sen
Orrin Hatch
Utah