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ok on jan 1 2011 the bush tax cuts expire and everyone's rates go back to the 2001 level. are we to believe in 2010 that the president will send a new proposal to the house which would extend the bush tax cuts beyond 2010 ?
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I don't know. Obama has continued alot of Bush policies (to the unhappiness of many of those who have elected him). But the economy is far different now than it was anticipated to be during the campaign. We'll see what happens next year.
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what do you think riot , if you were in charge should the tax rates all go back to '01 levels ?
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Nope. But I've never liked the specificity of some of Bush's tax cuts, I'd probably alter that. I've always been in favor of a flat tax system, myself.