Midwest Voices

Barb Shelly

None

Here’s my small crusade: Could we stop talking about “ending the Bush tax cuts for people earning more than $250,000 a year?”

That leaves the impression that you would keep your tax cuts if you make $250,000 or less, but give them up entirely if you would make, say, $275,000.

In reality, based on proposals by President Obama and some Congressional Democrats, everyone would retain the tax cuts on income up to $250,000. The increase would come on income earned over that threshold. So in the scenario above, the couple earning $275,000 a year would see an income tax increase only on $25,000.

So the better way to frame the debate is “ending the Bush tax cuts on household income above $250,000 a year.”

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