July 21, 2010


Democrats to Propose Extending Bush's Middle-Class Tax Cuts (Jay Newton-Small, 7/21/10, TIME)

Senate Democrats will soon advance a plan to make permanent President George W. Bush's 2001 tax cuts for middle-class Americans earning less than $200,000, but let the tax breaks for the wealthiest Americans expire, two Senate party aides said Tuesday. They will also propose to reinstate a 45% estate tax on individuals for the next two years.

Posted by Orrin Judd at July 21, 2010 5:33 AM
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