Jim Houser: End the Bush tax cuts for the top 2 percent

AFP

The U.S. House of Representatives will vote this week on proposals for dealing with the Bush-era tax cuts. This includes a proposal that passed the U.S. Senate last Wednesday [July 26] that will extend Bush-era income tax cuts for every American, but end extra breaks for the richest 2 percent (on take-home income beyond the first $250,000). As a small business owner – my wife and I own and operate an auto repair shop with a dozen employees – I’m all for this. Especially the part about ending extra breaks for the top 2 percent.