Bush Tax Cuts on the Democratic Chopping Block

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George W. Bush can say goodbye to a big chunk of the tax cuts enacted during his presidency if any of the three leading Democratic White House contenders gets elected next year with a Democratic majority in Congress. Bush tax cuts for those earning more than $200,000 a year are squarely in the Democratic crosshairs.

Sen. Hillary Rodham Clinton of New York and former Sen. John Edwards of North Carolina would each divert at least $50 billion in tax cut rollbacks to help pay for part of the cost for their universal health coverage plans. Illinois Sen. Barack Obama would use the money to help offset $80 billion in tax cuts that he proposed this week for working people, homeowners and seniors.

By the way, none of these Democrats are talking about repealing tax cuts to help pay off the national debt, despite blaming those cuts for the rising tide of red ink during the Bush years.

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