Missouri Sen. Roy Blunt predicts the U.S. Supreme Court will decide whether the Obama administration can...
Pence, DeMint Push for Permanent Extension of Bush Tax Rates
(CNSNews.com) – Sen. Jim DeMint (R-S.C.) and Rep. Mike Pence (R-Ind.) renewed their call on Wednesday for making the current tax rates permanent before they automatically reset to 1990’s-era levels at year’s end.
DeMint and Pence highlighted legislation they introduced on Nov. 17, The Tax Relief Certainty Act, which would prevent income tax rates from resetting to the higher 1990’s-era levels, prevent the scheduled return of the estate tax, set capital gains tax rates at 15 percent, and permanently patch the Alternative Minimum Tax (AMT).
Both conservative lawmakers noted that raising taxes on any American during a recession was bad economic policy...
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