Last week the United States Congress and President Obama came to an agreement to extend the so-called "Bush Tax Cuts." This means that individuals who earn more than $200,000 and couples who earn more than $250,000 will continue to pay a lower federal tax rate. Translation: Wealthy people in America will have more disposable income in their pockets.
you have to wonder about a few things:
1. The US must the only country that gives tax cuts to the top 2% of its richest!!!
2. it doesnt make economic sense , we learnt something different in economics tax the rich and give to the poor.