Wednesday, November 17, 2010

Voters Say Extend the Tax Cuts to All

According to Rasmussen, voters want Congress to continue the Bush tax cuts when they enter into their lame duck session. Specifically, 50% of likely voters want them extended for all Americans rather than continuing them for all but the "wealthy." Forty-four percent think they should be extended for everyone but the "wealthy."

President Obama insisted that only tax cuts for individuals who earn less than $200,000 annually and couples with a yearly income of less than $250,000 be extended temporarily. However, after the midterm elections he expressed a willingness to perhaps temporarily extend all of the cuts. If Congress fails to act by December 31, 2010, the effective federal tax rates of all tax-paying Americans will increase to pre-Bush levels.

No comments:

Post a Comment