The President should propose that the Bush tax cuts be extended for EVERYONE — but only on their first $250,000 of income.
Hey, wait a minute. That’s exactly what he is proposing. EVERYONE gets a continuation of the Bush tax cuts on the first $250,000 of their incomes. If your income is $251,000, you’ll get the Bush tax cut on $250,000 of it. Only $1,000 would be taxed at the higher Clinton rate.
Call it another White House and Democratic communications failure.
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