Free Republic

President George W. Bush’s tax cuts are set to expire on December 31st. While Democrats labeled these temporary tax cuts as “only for the rich,” these expiring cuts will drastically impact the middle and lower classes in America. The U.S. Congress should pass an extension of these tax cuts at least for those in the tax brackets below $100,000. The reality of the situation is that 85% of Americans earn less than $100,000 per year, and only 5.5% of Americans earn more than $150,000. I have put together a chart of the current tax rates to compare them with what...

BUSH'S TAX CUTS -- NO GOOD DEED GOES UNDISTORTED    Have you seen all the headlines in the liberal press about the new report from the non-partisan Congressional Budget Office? Here are but three samples, listed proudly on John Kerry's website:   "Tax Burden Shifts to the Middle" -- Washington Post "Budget Office Says Biggest Tax Cuts Go to Richest 1%" -- Wall Street Journal "Report Finds Tax Cuts Heavily Favor the Wealthy" -- New York Times And Kerry himself is touting the report on the campaign trail, claiming it proves that "Over the last four years, the burden...