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Democrats Increasing Taxes

by | Jul 11, 2009 | tax rate increase

The Democrats controlling the House and Senate are lining up to support hefty tax increases in the midst of an economic downturn. Most increases under consideration would go into effect next year. Capital gains will have a “Medicare” tax. The top rate will exceed 40%. Higher income earners will face more penalizing tax increases. All of this will be done in the name of “health care reform.”