Americans on the Bush Tax Cuts
Americans want to extend the Bush tax cuts for middle-class Americans and to let them expire for the wealthiest Americans, just as the Obama White House
Jul 31, 2020981.2K Shares13.2M Views
Americans want to extend the Bush tax cuts for middle-class Americans and to let them expire for the wealthiest Americans, just as the Obama White House proposes, a new Pew poll shows.
That said, Republicans support extending the tax cuts for all Americans.
It seems likely that Democrats might push for the expiry of the cuts on households making more than $250,000 a year and individuals making more than $200,000 a year — about two percent of tax filers. But without centristslike Sen. Ben Nelson (D-Neb.) on board, a two-year extension of the tax cuts for all seems the most likely path forward. Congress needs to act before the end of the year, or else all tax cuts expire and revert to 2000 rates.
Paolo Reyna
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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
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