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Old 11-11-2010, 09:45 AM  
Sly
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,325
Quote:
Originally Posted by _Richard_ View Post
i'm confused. that article is talking about extending tax cuts that bush put into place in 2001, with the expectation the rates would rise again. tax increases in a recession is bad business, so the debate is whether to leave the rates the same.. for the upper tax bracket

no?
The cuts were set to expire completely. It created a hubbub. Then it was negotiated to extend cuts to a lower bracket. It created another hubbub. Then raising the lower bracket was talked about. Now an overall extension is being talked about.
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