Halt Reckless Spending and Extend Bush Tax Cuts

Summary

---

If pumping money into people's pockets stimulates the economy, then vacuuming money from their pockets should depress the economy. Given how sad today's economy is, depressing it even further may make it leap out a window.

The best way to cheer up the economy, and those who make it tick, is for Washington to stop raising taxes and reverse its reckless and relentless spending spree. Congress immediately should remove the boulder that will crush us all come January. The 2001 and 2003 Bush- era tax cuts expire on Jan. 1, 2011. When the old rates return, the Congressional Budget Office calculates, this will cost taxpayers $115 billion next year alone. Between 2011 and 2020, the death of the Bush-era tax cuts will cause $2.6 trillion to shift from private control to Congress, for its redistributive pleasure.

See the full content of this document

Extract

---

Halt Reckless Spending and Extend Bush Tax Cuts

The Washington-based Americans for Tax Reform (AFTR) has detailed what the demise of these tax cuts will mean to everyone who pays taxes.

First, every income tax rate ...

See the full content of this document

---