Should Congress Extend Bush Tax Cuts?

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Obama is pushing on Congress to pass an extension of one year on the Bush tax cuts for people earning less than $250,000 a year.

Personally, I could see both sides of the table on this one.  Many would say though that it’s hard to argue ‘tax relief’ on middle class, even if it involves taxing millionaires.

Is this a good idea?

 

Comments: 2

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  1. They need to rewrite the tax code instead of adding all of this nonsense into the code why not have it easier to read. Instead of loopholes true tax fee.

  2. Tax code needs to be rewritten, I agree. But, making a fair tax system is a greater priority. One way we do this is by making sure people with incomes greater then $250k pay the same amount in income tax as they did in 1999. That is a start.