What Happens if the Bush Tax Cuts Expire

Fox News ^ | 09/20/2010 | Gerri Willis

[Hoodat]

She didn’t include the change in Health Flexible Spending Accounts. The max will go from $5K to $2.5K. That’s an added 2,500 in income for those who max out on medical spending.

This is known as the 'Special Needs Kids Tax'. As the father of a really special kid, I rely heavily on my FSA. Next year, $700 that would normally have gone towards my son's expenses will now go to the federal government instead. My, aren't Democrats compassionate?

[Gator113]

I will quit buying ANYTHING that isn’t required for survival.

My daughter will likely layoff a 1/3rd of her employees.... she presently has 16 full time employees and two part time.

I’ll fashion a Voodoo doll in his likeness and stick needles it it’s aSS each morning and every night.

I wish he would simply fall off of the planet. Obama is the absolute worst thing to ever happen to our country.

[IAGeezer912]

I would like for the Bush tax cuts to go out of existance on 01Jan2011 so EVERYONE is reminded just how beneficial his tax cuts were. Then the next Congress can immediately re-enact the Bush tax cuts for everyone 3 weeks later.

I would bet that a presidential veto would be over-ridden or impeachment proceedings begun.

[DallasDeb]

I have my own needs. This year, our insurance deductible was raised to $2,000, with an additional $4,000 out of pocket max. And that doesn’t include expenses for prescription. The co-pay on them was raised by $5, $30, and $70, depending on the tier. This year, I went through my $5K by May. Usually it last through September.