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Bush-era tax cuts expire

Taxes rip through middle class

October 19, 2012 by Archived posts

By, Maria Aguilar |Staff Writer| Bush-era tax cuts expire Dec. 31, raising taxes on middle class families in 2013. President Obama is trying to extend middle-class tax cuts through the end of next year. The Senate has approved the proposal and unless the House of Representatives votes and passes the bill before Dec. 31, middle class families will see an increase of approximately, $2,200 for an average family of four, according to Whitehouse.gov. “Middle class families are struggling to pay their bills and college students are broke. If the middle-class tax cut is not extended it is going to have an effect on these families,” said Erica Barajas. The Democratic-controlled Senate and the … [Read more...] about Taxes rip through middle class

Filed Under: News Tagged With: American Opportunity Tax Credit, Bush-era tax cuts expire, Middle-class tax cut, Student tax credit, TAX INCREASE

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