Ravenwood - 09/24/04 06:00 AM
Congress is prepared to extend the middle class tax cuts, something for which George Bush has been pushing.
The child tax credit was extended for five years, while the marriage penalty relief was extended for four years and the expanded 10 percent tax bracket for six years.Have you ever noticed that tax increases are always permanent, but tax cuts are usually temporary. Notice how they are allowing the cuts to expire at different intervals. They will no doubt be political fodder for years to come.In addition to those three provisions, the tax package would extend for one year current relief from the alternative minimum tax...
I wonder if Senator Kerry will make a rare appearance at his day job to cast a vote against extending the tax cuts.
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