Home Must Reads Senate keeps middle class tax cuts

Senate keeps middle class tax cuts

| Print |  Email
Must Reads
Thursday, July 26, 2012

The Senate approved a plan to preserve tax cuts for the middle class while letting them expire for the wealthy.

The measure is dead on arrival in the Republican-controlled House, where leaders are preparing to vote next week on their own plan to extend the George W. Bush-era tax cuts for households at every income level through 2013.

But Democratic lawmakers said the Senate’s 51-48 vote is a political breakthrough that strengthens their election-year argument that Republicans are holding tax cuts for the middle class hostage in order to maintain breaks worth $160,000 a year to the average millionaire.

Read more at The Washington Post.

{biztweet}senate tax{/biztweet}

 

Comments   

 
Guest
0 #1 Equal share of the burdenGuest 2012-07-27 00:35:34
Either we all get tax cuts or no one gets them - especially when the job creators are disproportionat ely among those earning higher wages, many of whom gave up years of salary in order to invest and re-invest in their businesses. We already know that if we took ALL the money from the high income earners that it would only pay for a day or two of the federal budget because of reckless spending. time to stop spending our money and get our fiscal house in order.
Quote | Report to administrator
 
 
Guest
0 #2 PresidentGuest 2012-07-28 18:09:06
Cash is piling up for big businesses because they won't bother to expand while demand for their products remains flat. Clearly their consumers could use more resources in the marketplace, which could happen through a rollback of their tax rates.
Quote | Report to administrator
 

More Articles

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


Read more...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS