This is going to move the lowest rate from 10 to 15%. I believe that's going to hit people under $35000 unless you're getting welfare or SSI. Anybody with tax knowledge can feel free to correct me. What is the loss of $1500.00 bucks or so going to do to somebody at those income levels.
I assume that was a question rather than a statement
$30.00 a week isn't chump change for someone making 35K a year. Increases in utilities and all kinds of fees and no pay increases add another $40 or $50 dollars weekly and you are looking at $2,500 to $3,000 a year lost in buying power.
I make considerably more than $35,000 and I calculated I am spending at least $400.00 more per month in expenses more than I did two years ago
What the Democrats don't want people to know is that the Bush tax cuts were "progressive". That is, they shifted more of the tax burden to the higher income taxpayers. Allowing the Bush tax cuts to expire will shift the tax burden toward the lower income taxpayers.
A 50% increase in their taxes in January will catch the eye of many people. But then the Democrats will blame the Republicans because they will then control Congress.