The article, Possible Compromise on Tax Cuts? by Gabriella Schwarz, discusses raising the threshold at which people pay higher taxes from $250,000 to a higher income. Currently, people making over $200,000 per year and couples making over $250,000 a year pay a higher percentage of their income in taxes than those making under these dollar amounts.
If this law passes, it will help out people and families who do not make a lot of money. The article states that democrats in this election do not want to give tax cuts to the "millionaires and billionaires." This would mean that the rich would be paying a lot more in taxes than others.
-Elizabeth Woollen
http://politicalticker.blogs.cnn.com/2010/10/23/possible-compromise-on-tax-cuts/
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Elizabeth,
ReplyDeleteLast week in the Congressional Debate I learned that it's not easy being a politician, especially if you're trying to make everyone happy. In the end, no matter what the decision, there will always be unhappy people, but there will also be happy people. This issue is not a simple one to handle because it deals with fairness among individuals who are all granted the same rights as a citizen of America. Happy people or unhappy people, America owes it to their people to do what is best for society as a whole.
Elise Leppert