Just so you know...
Last week, Mr. Rangel, the 36-year House veteran from New York City who will chair the Ways and Means Committee if Democrats win a majority, was asked by Congress Daily whether he'd consider tax increases across the income spectrum. ‘No question about it,’ he said. ‘Everything has to be on the table.’ In another interview with the Bloomberg News he said 'he couldn't think of a single first term Bush tax cut worth saving.' So by his words, 'Everything has to be on the table', 'everything’ would mean repealing the 10% low-income tax bracket, the child tax credit and marriage penalty relief which were proposed by President Bush and passed in 2001.
According to the Treasury Department, repealing those provisions would raise taxes on the average middle income family by about $2,000 a year.
If the economy is in such terrible shape as the Democrats want you to believe, is raising the taxes of middle-class families $2,000 a year a good idea?
2006-11-02
00:12:15
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8 answers
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asked by
Anonymous
in
Other - Politics & Government