
The tax cuts of Bush's first term will expire by 2010.
Is a big tax increase coming?
Congress is intent on letting the Bush tax cuts expire, a move that opponents say would lead to the largest tax increase in U.S. history.
The House and the Senate this week both passed non-binding, $3 trillion budget resolutions. Although the plans differ, both would provide generous increases to domestic programs but bring the government's ledger back into the black by letting most or all of President Bush's tax cuts expire at the end of 2010.
Should Congress let the tax cuts expire? Would higher taxes help or hurt the American economy? How will tax increases affect Americans' lives?





