Exclusive: Breaking News – New Deal Extends Bush Tax Cuts for 2 More Years October 6, 2010Posted by Admin in News.
Tags: boehner, bracket, bush, capital gains, Congress, dividend, income, pelosi, tax cuts, taxes, The Mangru Report, wealthy
*** This is a breaking news alert from The Mangru Report ***
Our sources in Washington D.C. have just informed us that Republican Minority Leader Rep. John Boehner has reached an agreement to extend the Bush tax cuts across the board for an additional two years. The vote on the measure will be taken before the election.
Keeping the Bush tax cuts in place for all Americans keeps the personal income tax brackets from rising roughly 5% for all income classes, but more importantly keeps capital gains taxes and dividend taxes at 15% instead of raising them to 20% and 39.6% repsectively.
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