Wealthy to call for an end to Bush tax cuts for the rich

April 05, 2010

Original publication: TheHill.com

Date of publication: April 5, 2010

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"Dozens of millionaires on Tuesday are expected to call for an end to their tax breaks enacted under President George W. Bush. 

The Responsible Wealth network, a subset of United for a Fair Economy, will lead a group of high net worth individuals in condemning the tax breaks they say have cost the country $2.5 trillion since their enactment in 2001. 

The group will call to restore the top two marginal tax rates to pre-2001 levels (from 33 percent to 36 percent, and from 35 percent to 39.6 percent); return tax rates for long-term capital gains and dividend income to pre-Bush levels; and create a 45 percent tax on estates worth more than $2 million (a 55 percent tax on larger estates). [...]" 

Read the full blog post by Jay Heflin on TheHill.com.

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