Dems are always harping about taxing the rich. They have been promising or is it threatening to cut the tax cuts which is or it isn't a tax hike?
Via Willisms:
According to the Treasury Department, all American taxpayers will experience a tax increase if the 2001 and 2003 tax provisions are not made permanent. On average:
* 115 million taxpayers will see a $1,716 increase.
* 84 million women will see a $1,970 increase.
* 48 million married couples will see a $2,726 increase.
* 42 million families with children will see a $2,084 increase.
* 12 million single women with children will see a $1,062 increase.
* 17 million seniors will see a $2,034 increase.
* 26 million small business owners will see a $3,637 increase.
* More than 5 million low-income individuals and couples will no longer be exempt from individual income tax.
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