What Parts of the Bush Tax Cuts Should Congress Make Permanent?

President Obama's Approach vs. Republican Leaders' Approach: Impacts on People in Your State
State Fact Sheets and Analyses from Citizens for Tax Justice

With both the Bush tax cuts and President Obama’s expansions of certain parts of those cuts set to expire at the end of 2010, the decisions Congress makes in the coming months will have very different effects on taxpayers at different income levels, according to a new report from Citizens for Tax Justice.

The report shows that low- and middle-income taxpayers will pay higher taxes under the Republican approach than under President Obama’s approach. It also shows that the richest taxpayers will pay far less under the Republican approach than under President Obama’s approach.

Read the report:
Republican Approach to Extending the Bush Tax Cuts Would Result in $54,600 Break for Richest 1% and Higher Taxes for Middle Class, Compared to Obama's Approach

You can also click on your state below to see a fact sheet on how these two approaches would affect people in your state.

 

(All files in PDF format)


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