123 Idaho - The best of western alternative media: A tax burden we cannot bear

Mar 14, 2009 | Posted by: Michael Strickland | Full story: 123idaho.blogspot.com

Guest opinion submitted by Idaho Senator Mike Crapo

On March 11, I reintroduced legislation to permanently extend the 15 percent tax rate (0 percent on those in the two lowest income tax brackets) on capital gains and dividends that was enacted as part of tax relief in 2003. I've introduced this legislation every Congress since 2005. This bill has even greater urgency now considering the President's budget proposal before Congress that will allow the tax rates on these investment earnings to rise to 20 percent for individual filers earning above $200,000, and couple filers earning over $250,000.
1 - 2 of 2 Comments Last updated Mar 15, 2009

Bellingham, WA

#1 Mar 15, 2009
Why do we need legislation to extend this tax rate for lower income earners when Obama's proposal only raises the rate on earners of more than 250,000. Doesn't that mean the lower rate stays in effect for the lower earners?
jo jo jo

Anchorage, AK

#2 Mar 15, 2009
Don't worry, Mr'Giverment will save us !

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