What Happens If Bush Tax Cuts Expire?
Excerpt:Former United States President George W. Bush smiles as he watches a baseball game between the Detroit Tigers and the Texas Rangers, Friday, Aug. 10, 2012, in Arlington, Texas. (LM Otero/AP Photo) Editor's Note: This is the latest in an ongoing series about the building blocks that lawmakers could put on the table as they search for a deal to avert the fiscal cliff. Determining whether the nation heads over the "fiscal cliff" in the New Year could come down to an agreement on how to deal with the Bush era tax cuts, which are set to expire at the end of the month. Democrats want to extend the tax cuts for the middle class while letting them expire for the top 2 percent of earners, specifically individuals making more than $200,000 a year or households bringing in more than $250,000 annually.
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George W. Bush
Overall Sentiment: 0
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-0.0267133 | "fiscal cliff" in the New Year could come down to an agreement on how to deal with the Bush era tax cuts, which are set to expire at the end ... |
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Bush
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Charlotte Brock
Overall Sentiment: 0.0531335
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0.0932616 | "Seeing that child care is about $15,000 a year in this area, that's a significant chunk of that," Brock, who is a member of MomsRising, a grassroots organization promoting policies that benefit families, said. ... |
-0.195101 | "Seeing that child care is about $15,000 a year in this area, that's a significant chunk of that," Brock, who is a member of MomsRising, a grassroots organization promoting policies that benefit families, said. "That would make it even more difficult to buy the groceries we need to pay the rent, pay the childcare, pay for clothes. All of those things, they have to come from somewhere." |
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Gabriel
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FieldTerminology: Alternative Minimum Tax
Overall Sentiment: -0.130342
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FieldTerminology: GDP
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Holiday: New Year
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Sport: baseball
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Determining whether or not the nation heads over the "fiscal cliff" in the New Year could come down to whether both sides can reach an agreement on how to deal with the Bush era tax cuts, which are set to expire at the end of the month.Democrats want to extend the tax cuts for the middle class while letting them expire for the top two percent of earners, specifically individuals making more than $200,000 a year or households bringing in more than $250,000 annually. Republicans, on the other hand, want to continue the tax cuts for all taxpayers, including the wealthy, and instead are calling for the elimination of loopholes and deductions to achieve new revenue, a move Democrats say is not enough.
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What Happens If Bush Tax Cuts Expire?
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