In light of the debate over the economic stimulus package, many people have forgotten about the impending danger of major tax increases. Below are some of the tax increases you will get if Congress does nothing. These increases will be automatic unless Congress does something to stop them.
This is yet another reason why I opposed the stimulus package. Making the current tax rates permanent is more important than any one time wealth redistribution that is disguised as a rebate.
--35% bracket will increase to 39.6%
--33% bracket will increase to 36%
--28% bracket will increase to 31%
--25% bracket will increase to 28%
--10% and 15% brackets will condense to 15%
Congressman John Campbell was first elected to Congress in December of 2005. He brings with him to Washington a quarter century of experience in the business world and a record of accomplishment in both chambers of the California Legislature.
Congressman John Campbell represents California’s 48th Congressional District which encompasses Newport Beach, Irvine, Tustin, Lake Forest, Laguna Beach, Laguna Hills, Laguna Woods, Laguna Niguel, Aliso Viejo, Dana Point and parts of San Juan Capistrano and Santa Ana.
Obama: Hillary’s Email Server Is a ‘Legitimate’ Issue, But It’s Getting Politicized Or Something | Matt Vespa
Gowdy Responds to Charges from Ex-Staffer After Benghazi Committee 'Refused to Pay Him' | Cortney O'Brien