Day by Day

Thursday, April 22, 2010

Millions face tax increases under Dems budget plan

So much for Obama's promise.

WASHINGTON – President Barack Obama's Democratic allies in the Senate promise to cut the deficit by almost two-thirds over the next five years, but their budget plan could threaten about 30 million people with tax increases averaging $3,700 in 2012 and after because of the alternative minimum tax.

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