[reg45]

Far worse than that. When the "Bush Tax Cuts" expire in January, the people in the lowest bracket will see their Federal Income Tax rate go from 10% to 15%. So a person with a taxable income of a mere $10,000 will see his or her tax go from $1,000 to $1,500.

Contrary to the meme about "tax cuts for the rich", people in the lowest tax brackets actually received the greatest proportional reduction in their taxes.

[jaydubya2]

And the child tax credit will go from $1000 to $500 per kid.