re: #241 Obdicut

He’s probably going to make the four lowest rates permanent, and raise the top bracket. That’s the tax rates.

Then there are credits, deductions, and exemptions. On that front, the Administration is proposing to sunset the Making Work Pay credit, which would amount to a tax hike on the middle class.

The cut costs the federal government about $63 billion in annual revenue while putting up to $400 in the pockets of workers making less than $95,000. It was approved for the first time in last year’s $787 billion stimulus package.