Americans on the Bush Tax Cuts
Americans want to extend the Bush tax cuts for middle-class Americans and to let them expire for the wealthiest Americans, just as the Obama White House proposes, a new Pew poll shows.
That said, Republicans support extending the tax cuts for all Americans.
It seems likely that Democrats might push for the expiry of the cuts on households making more than $250,000 a year and individuals making more than $200,000 a year — about two percent of tax filers. But without centrists like Sen. Ben Nelson (D-Neb.) on board, a two-year extension of the tax cuts for all seems the most likely path forward. Congress needs to act before the end of the year, or else all tax cuts expire and revert to 2000 rates.
