Government Bytes

Blog 

The Late Edition: November 8, 2012

/

Today’s Taxpayer News!

Amity Shlaes, a view columnist for Bloomberg, highlights NTU tax findings to place Tuesday’s take hike ballot initiatives in historical context.

Vice president Joe Biden asserts that Tuesday’s presidential election results translate into an almost inescapable “mandate” to raise taxes on higher income Americans.

According to a recent article citing Tax Policy Center data, if the Bush Tax Cuts are allowed to expire at the end of this year a full 90% of households will see their taxes increase, with the average household seeing taxes raised an astounding $3,500 per year.