Paul Krugman: Bush Tax Cuts - Now That's Rich

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At www.nytimes.com

The Obama administration wants to preserve those parts of the original tax cuts that mainly benefit the middle class -- which is an expensive proposition in its own right -- but to let those provisions benefiting only people with very high incomes expire on schedule. Republicans, with support from some conservative Democrats, want to keep the whole thing.

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At www.nytimes.com

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