Tax Cuts the Issue: Obama Staking Out Position. Our View: Heos Trying to Split the Difference.

Summary


The Obama administration has begun to stake out its position on extending the Bush tax cuts of 2001 and 2003. Predictably, the president is trying to split the difference N sort of.

He would allow the cuts for taxpayers earning over $200,000 individually and $250,000 jointly to expire, presumably also along with the tax cuts on dividends and capital gains. He would extend for at least a year or two the tax cuts for everyone else.

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Extract


Tax Cuts the Issue: Obama Staking Out Position. Our View: Heos Trying to Split the Difference.

The Republicans are arguing that the tax cuts for everyone should be extended, preferably permanently for everyone, bu...

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