Thursday, September 02, 2010

Letting the Bush Tax Cuts Expire only for the Rich? Think Again

I'm pretty sure that people in this category aren't rich.

Taxpayers making between $40,000 and $50,000 a year would get hit with an average income tax increase of $923 next year. Those making between $50,000 and $75,000 would face an average increase of $1,126, according to estimates by the nonpartisan Joint Committee on Taxation.

If Obama really wants to win some applause from these people he would just double the tax cuts on the middle class so everyone receives like $2000/year in cuts right off the bat. That would actually stimulate the economy (even if people just use it to pay off debt) better then the stupid stuff they are trying now.

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