Democrats are considering a plan to delay tax hikes on the wealthy for two years because the economic recovery is slow and they fear getting crushed in November’s election.
It could mean a big reprieve for families earning $250,000 and above annually.
President George W. Bush’s tax cuts will expire at the end of the year unless Congress acts to delay their sunset.
Some Democrats are now arguing forcefully that a delay is a win-win plan that would help the federal budget without hurting the economy.
Democrats may stop Bush-era tax cuts for wealthy from expiring - TheHill.com
That ought to set some hair on fire. They admit tax cuts help the economy at least.