PhillyDeals: Isn't it rich? Capitalists who accept higher taxes

published Thu, Apr 14 2011 01:08 GMT
"I refuse," President Obama said Wednesday, to keep extending lower federal tax rates to "millionaires and billionaires." He wasn't specific about whether he was going to insist on tax rates going back up to where they were during George W. Bush's first term. In Bush's second term, there were across-the-board cuts for people earning more than $1 million a year, people earning more than $250,000 a year, and for investment profits.

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