Tax cut politics | Arkansas Blog

Monday, July 9, 2012

Tax cut politics

Posted By on Mon, Jul 9, 2012 at 6:23 AM

The tax cut battle shapes up.

New York Times reports that President Obama will call today for a one-year extension of Bush tax cuts only to those with taxable incomes of less than $250,000. Some top Democrats want to make the cap $1 million. Republicans, of course, want all the wealthy to benefit from the tax cuts forever. They've been so successful at lifting job creation, after all.

Bottom line: More deadlock.

Speaking of the economy and the loss of middle income jobs, if you're looking for a real downer this morning, read this.

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