Tag: child tax credit

Fiscal Cliff – We got a parachute
ecthompsonmd January 1, 2013

Once again at the 12th hour a deal is reached. Over the next several days we will get more details on this deal. Here’s what I think that we have: Bush tax cuts: The deal would extend all of the Bush tax cuts for incomes below $400,000 for individuals and $450,000 for families, while reinstating the Clinton-era 39.6 percent tax rate for income above those thresholds. It will also push the capital gains rate on investment income back to 20 percent for income above $400,000 for individuals and $450,000 for families. President Obama had asked for an extension of rates only for

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Who's paying for the 2001 and 2003 tax cuts?
ecthompsonmd July 29, 2010

I just don’t remember folks taking to the streets and complaining about Bush’s tax cuts for the rich. I don’t remember the Tea Party folks getting all upset because these tax cuts weren’t paid for. Republicans, for the most part, were happy to vote for tax cuts for the rich with no offsets. Unemployment benefits, though, now that’s another story. From CBPP: The biggest changes in tax policy enacted under President George W. Bush were the 2001 and 2003 tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax Relief Reconciliation Act of 2001 and

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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The Thirteeneth Juror

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