Thursday, September 28, 2023
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Timothy M. Steffen


Bush tax cuts hang in the balance

While the November election produced significant gains for Republicans, the future of the Bush tax cuts is unlikely to be resolved any time soon. Newly elected officials who may have campaigned on the issue will not take office until January, and those still holding office are not likely to have the motivation or time to pass legislation extending the 2001 and 2003 tax cuts, which are scheduled to expire Dec. 31.

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