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Jackson6612 Posted 14 years ago
Grammar
They agree to President Barack Obama's plans to extend Bush-era tax rates on all but the wealthiest Americans
Hi
What is he really suggesting? Should the tax rates be extended to all the Americans equally and the wealthy shouldn't bear more burden of tax than other less privileged? Perhaps, I'm having difficulty in understanding it because I don't know the context of this debate. Could you please help me with it? Thank you.
What is he really suggesting? Should the tax rates be extended to all the Americans equally and the wealthy shouldn't bear more burden of tax than other less privileged? Perhaps, I'm having difficulty in understanding it because I don't know the context of this debate. Could you please help me with it? Thank you.
WASHINGTON, Nov 28 (Reuters) - In a U.S. Congress packed with big egos, Tom Cole keeps a low profile but isn't afraid to speak his mind.
He did so on Wednesday, breaking ranks with Republicans by suggesting that they agree to President Barack Obama's plans to extend Bush-era tax rates on all but the wealthiest Americans.
Top answer
For the purposes of this discussion 'wealthy Americans' are defined as those who have an income of more than $250,000 a year. Obama's proposal is to continue the (lower) tax rates of the Bush era for everybody except those who are wealthy. He further proposes that these tax rates expire in January, 2013 for wealthy Americans, thus raising their tax rates beginning in January.
- For the purposes of this discussion 'wealthy Americans' are defined as those who have an income of more than $250,000 a year.
- Obama's proposal is to continue the (lower) tax rates of the Bush era for everybody except those who are wealthy.
- He further proposes that these tax rates expire in January, 2013 for wealthy Americans, thus raising their tax rates beginning in January.
- Obama is a Democrat and Cole is in the opposing party, a Republican.
- All Republicans have been opposed to Obama's proposal (outlined above) for some time.
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2 Answers
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For the purposes of this discussion 'wealthy Americans' are defined as those who have an income of more than $250,000 a year.
Obama's proposal is to continue the (lower) tax rates of the Bush era for everybody except those who are wealthy. He further proposes that these tax rates expire in January, 2013 for wealthy Americans, thus raising their tax rates beginning in January.
Ob
Obama's proposal is to continue the (lower) tax rates of the Bush era for everybody except those who are wealthy. He further proposes that these tax rates expire in January, 2013 for wealthy Americans, thus raising their tax rates beginning in January.
Ob
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