from
(snip)"Senate Dems Ready To Shelve Tax Cut Vote
A senior Senate Democratic aide told TPM today there won't be a vote on extending the Bush tax cuts in the upper chamber before the November election, a blow to party leaders and President Obama who believed this would have been a winning issue.
It's also a signal that the House won't take action -- though nothing has been decided for certain, since leaders there have said all along they are waiting for the Senate.
"Absent a stunning turn of events, we're not going to do tax cuts before the election," the aide told TPM."(snip)
If this holds true, then 14 weeks from now just about every 'upscale' strip club customer is going to see their take-home paycheck shrink. This will be due to new withholding tables being issued to their employers which reflect the new higher tax brackets, as well as the effect of the Alternative Minimum Tax disallowing deductions for state and local taxes and certain other legitimate tax deductions. The AMT change will apply to single people whose earnings are as low as $45,000 per year.



Reply With Quote
Bookmarks