(Wall Street Journal) — What would it actually mean for you if they let the Bush tax cuts expire at the end of this year, and we went back to the old Bill Clinton tax rates adjusted for inflation? This is a thought experiment, not a prediction or a recommendation. The tax cuts, passed in 2001 and 2003, are front and center now and will be a hot issue going into the elections this fall. Unless something is done by the end of the year, they’ll expire. With the economic recovery looking shaky, expiration is particularly controversial.
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