The party of NO is going to have to turn thumbs down to a bill that will keep tax low for middle class America. A senate bill is being introduced that will extend the Bush tax cuts for families with incomes less than $250,000. It should be interesting to see how Republicans will spin this for the midterm elections. Democrats will of course accuse Republicans of turning down a bill that would reduce taxes for most Americans in order to reduce taxes for the 2 or 3% of the wealthy people in the country.
Bush-Era Tax Cuts Likely Election Theme - WSJ.com
Bush-Era Tax Cuts Likely Election Theme - WSJ.com