Our View: Cliff deal failure would affect many

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December 30, 2012 by esarsea

For those of you who still believe that the Bush-era tax cuts are only for the wealthy, ask your boss when you return to work on Wednesday: If nothing is done by Jan. 1, how much are my taxes going to go up?

According to the Tax Policy Center, taxes on average Americans will increase about $2,400 on average for income earners making between $50,000 to $75,000 per family.

Our View: Cliff deal failure would affect many.

(Posted VIA a share link at Midland Daily News)

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