2010 – September 21

Federal Tax Policy at a Crossroads (click to download PDF)

The United States Congress is currently considering what action to take regarding a range of income tax cuts that were enacted at the behest of President George W. Bush in 2001 and 2003, and which are currently scheduled to expire at the end of the current calendar year, 2010. Most media coverage of this debate has focused on whether or not the portions of those tax cuts that are specifically targeted at the wealthiest two to three percent of taxpayers should be allowed to expire as President Obama is recommending.