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Coming tax hikes.............

So, PBO insists that there will be no tax hikes on anyone making less than $250,000. Well, a break down of the tax cuts that will be allowed to expire shows that the people who pay 10% in taxes get a hike. And then, there is that pesky tax on families with children with special needs. Thoughts........


Asked by jesse123456 at 8:40 AM on Jul. 29, 2010 in Politics & Current Events

Level 37 (89,190 Credits)
This question is closed.
Answers (23)
  • This should be of particular interest to many Cafemoms--since so many of pursuing their education, are saving for their kids educations, or have jobs in the education system!!

    From the article:

    "Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families."

    Answer by LoriKeet at 9:05 AM on Jul. 29, 2010

  • It's going to be the highest tax hike in history.

    Answer by Carpy at 9:43 AM on Jul. 29, 2010

  • iIs ok Jesse. Some won't see it till it hits them in the pocketbook. They would still probably deny it. even then if it meant protecting their party. LOL How about we ask them what the heck IS in that 2300 page bill if they don't like the sources answer

    Answer by itsmesteph11 at 12:06 PM on Jul. 29, 2010

  • Well Natesmom, you were up mighty early today when you called me. Have agreat day with that new baby.

    Answer by Carpy at 10:48 AM on Jul. 29, 2010

  • OMG are Obama Zombies that blind. This has out there for a long time.

    Taxes have to go up to pay for all his projects.

    Answer by gammie at 11:35 AM on Jul. 29, 2010

  • Jesse, they don't WANT to be informed...they trust that the government actually cares about them, and will somehow come through for them, and this is just conservative fear mongering!! LOL

    They won't believe us until it's a reality, then they'll all be on here saying "What happened?" "Who let this happen?" "Why didn't anyone do something about this?!" (Notice, they'll never blame themselves!)

    Answer by LoriKeet at 9:08 AM on Jul. 29, 2010

  • Jesse, Carpy, and LoriKeet,

    One again you ladies have said it all, and leave me nothing to add.  LOL.  I think I will just shut down, and go back to bed. 

    You ladies have it covered.


    Answer by Natesmom507 at 10:08 AM on Jul. 29, 2010

  • They want the taxes
    Since every proposal includes extending these cuts, where are you getting this?

    Answer by stacymomof2 at 1:45 PM on Jul. 29, 2010

  • jesse123456

    Comment by jesse123456 (original poster) at 8:41 AM on Jul. 29, 2010

  • What bias? They are for a flat tax. So this group wants NO taxes. They have just broken down what is coming. You aren't going to get any of this from a democratic site or a liberal site. They don't want us to know this stuff. They want the taxes. How are we to be informed if we don't look at those doing the watching?

    Comment by jesse123456 (original poster) at 8:57 AM on Jul. 29, 2010