A summary of the facts and arguments behind the Bush tax cuts

The Bush tax cuts have become the central issue of the 2010 midterm elections, yet much of the electorate has a fundamental misunderstanding about what the Bush tax cuts did and what will happen to the tax cuts after 2010. The partial or full extension of the Bush tax cuts will have a dramatic impact on the overall economy, the deficit, and the pocketbooks of nearly every American. Each political party has a very different view on what to do with the Bush tax cuts, and the midterm elections will likely decide what happens to the cuts in 2011. For these reasons, it seems prudent for the American voting population to inform themselves on the basic facts and arguments behind the Bush tax cuts. This article will attempt to provide that basic summary.

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