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

Staffing Challenge

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

A conversation with Greg Lambert, president of Mid Oregon Personnel Services.


Read more...

Ranking the airlines that fly PDX

The Latest
Friday, August 14, 2015
airlinesthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

17 airlines make stops at Portland International Airport, but not all are created equal when it comes to customer service.


Read more...

Baby. Boom!

September 2015
Wednesday, August 26, 2015
BY LINDA BAKER

A new co-working model disrupts office sharing, child care and work-life balance as we know it.


Read more...

Best Foot Forward

July/August 2015
Monday, July 13, 2015
BY CHRIS NOBLE

Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.


Read more...

Back to School

September 2015
Wednesday, August 19, 2015
BY CHRIS NOBLE

Oregon is home to an abundance of gritty warehouses reborn as trendy office spaces, as well as crafty hipsters turned entrepreneurs. Does the combination yield an equally bounteous office products sector? Not so much. Occupying the limited desk jockey space are Field Notes, a spinoff of Portland’s Draplin Design Company, and Schuttenworks, known for whittling Apple device stands. For a full complement of keyboard trays, docking stations and mouse pads, check out the GroveMade line, guaranteed to boost the cachet of even the lowliest cubicle drone. 


Read more...

Wildcards

Guest Blog
Tuesday, July 28, 2015
072815fergusonthumbBY JASON NORRIS

Uncertainty in Greece and China, along with potential interest rate hikes mean investors are looking at the market and nervously questioning where they should be invested.


Read more...

Greenpeace (temporarily) prevents Shell oil ship from leaving Portland

The Latest
Thursday, July 30, 2015
hangersBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

Greenpeace activists suspended themselves from the St. John's Bridge in an attempt to prevent a ship from heading to the Arctic.


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