47 Possible Tax Hikes Loom If Congress Doesn't Act

intro: Congress crossed one item off its tax to-do list last week after passing an extension to the highway excise taxes, which funds transportation projects and without which all federal highway projects would have come to a screeching halt last weekend. One down, 47 more to go. If Congress does not act by the end of the year, nearly 50 items in the tax code will expire, sparking tax hikes for nearly every income-earner in America. "All the tax rates for virtually every taxpayer will go...Full Story
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