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View Diary: White House "No new Offers until GOP drops opposition to tax increases" (169 comments)

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  •  It would lower taxes for everyone. (6+ / 0-)

    Lost in all of this, too often, is that this cut for people making less than 250,000/year affects everybody's first 250,000.  So assume all Bush cuts expire and the Dems propose this cut for "income under $250,000"

    Someone making $10M/year will see a tax cut (on their first 250k), as will everyone else.  What it does not provide is tax cuts available only for those making more than $250k (it leaves the upper brackets alone).

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