Tuesday, October 12, 2010

Taxing the Poor

A new study reports that the expiration of the Bush Tax Cuts will hurt the poor most. The tax increase scheduled for January 1 would eat up 6.7% of the income of a family of 4 earning $40,000. That's enormous! But Pelosi and company decided to adjourn Congress early rather than deal with the most pressing economic issue facing Americans.

Hat tip to BOTWT.

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