Pushing for an extension! He’s fighting against his own party to keep Bush’s tax cuts in place – Now, Senator Evan Bayh joins Sean.
Tonight at 9p/12a ET on Hannity.
According to CBO estimates provided to us by the Brainroom, here are some fast facts on the tax cuts:
Extending the middle-class tax cuts would cost nearly $1.4 trillion through 2020
If tax cuts are not extended, the tax burden for a married couple filing jointly making $80,000 with two children will be $2,137 higher
Tax Provisions to Expire
The two “marriage penalty elimination” provisions will expire
The 10% tax bracket will expire, reverting to 15%
The child tax credit will fall from $1,000 to $500
Tax rate on long-term capital gains would rise from 15% to 20%
Tax rate on qualified dividends would rise from 15% to ordinary wage tax rates
The 25% tax rate would rise to 28%
The 28% rate would rise to 31%
The 33% rate would rise to 36%
The 35% rate would rise to 39.6%
The estate tax would be restored with exemption level of $1 million with top rates at 55%






