Tuesday, July 24, 2012

Senate GOP Provides $1.1 Million Tax Cut To Wealthy Estates While Raising Taxes On 20 Million Working Families

Senate GOP Provides $1.1 Million Tax Cut To Wealthy Estates While Raising Taxes On 20 Million Working Families: The Senate GOP plan to preserve the Bush tax cuts on incomes above $250,000 already amounts to a budget-busting tax cut for the rich, and in addition to it, Minority Leader Mitch McConnell (R-KY) and Sen. Orrin Hatch (R-UT) also added another tax cut that benefits only the super-wealthy. The Hatch-McConnell plan effectively eliminates the [...]/p