Most would avoid higher taxes under Dem, GOP bills
WASHINGTON – Do you make more than $200,000 annually, or $250,000 between you and your spouse? Do you expect to inherit an estate worth more than $1 million next year?
Do you claim the American opportunity tax credit to help pay college costs? Or are you a low- or moderate-income worker who relies on the earned income tax credit or the child tax credit to supplement your household budget?
If your answer to the above questions is no – and that will be most of you – then you’re probably in that wide swath of people who Democrats and Republicans agree should not face higher taxes in January, when a slew of tax cuts expire unless Congress acts.
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