Congress is asking for opinions on three tax options re: Bush cuts, WHERE DO YOU STAND ?

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    Aug 03, 2012 12:47 AM GMT

    August 02, 2012


    What would your advise be to your Congressman on the Tax cuts ?

    This week, Congress is debating the extension of expiring tax cuts and today I got something similar to this from my congressman in Virginia and from Steny Hoyer, How would you respond to your congressman if asked ?


    Options


    1. Extend middle class tax cuts for everyone on income up to $200,000, $250,000 per couple.


    2. Extend all the tax cuts and continue giving tax benefits to the wealtheiiest


    3. Let all the tax cuts expire, with taxes returning to the levels of the 1990's


    4. Other ideas/options










    Where do you stand on these expiring Bush tax cuts

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    Aug 03, 2012 1:22 AM GMT
    I'm for number 1 in the short term but would like to see more comprehensive tax reform, including an increase in progressivity for incomes above $5 million, $100 million, etc. and elimination of the carried interest loophole and treatment of investment income as regular income.