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What will happen with the Bush tax cuts?

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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 11:25 PM
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What will happen with the Bush tax cuts?
They are expected to expire in 2010 - a nice little mine buried back in 2001.

So if Congress and the White House will let it expire, will they, then scream about raising taxes, just in time for the Mid Term elections?
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maxpower Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 11:27 PM
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1. That was the plan
You hit the nail right on the head.
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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 11:31 PM
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2. Only the tax cuts for the over $250,000 crowd will be expiring
It was written into the budget resolution earlier this year. If you make less than that you keep your tax cuts.
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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 11:46 PM
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3. Thanks. They will still scream, of course
but at least we should be able to say that this is what Obama said during the campaign.
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