Quote:
Originally Posted by BFT3K
Top Senate Republican Jon Kyl (R-Ariz.) insisted on Sunday that Congress should extend the Bush tax cuts for the wealthiest Americans regardless of their impact on the deficit, even as he and other Republicans are blocking unemployment insurance extensions over deficit concerns.
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http://www.huffingtonpost.com/2010/0...2862.html?sc=1 |
If the Bush tax cuts are not extended you do realize the poorest tax payers will see a 50% increase in their tax bill as the lowest tax rate will go from 10% to 15%?