News Should the Obama tax cut be extended?

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The discussion centers on the implications of extending the Bush tax cuts, highlighting the potential impact on personal finances. Participants note that some individuals, like the poster and their spouse, have experienced unexpected tax refunds attributed to what is referred to as a "stealth tax cut." There is a sentiment that the tax cut, perceived as minimal, may not warrant extension beyond its current term. The poster expresses a willingness to let the tax cut expire, viewing it as inconsequential and suggesting that its expiration could even be beneficial for personal health goals. Overall, the conversation reflects a cautious approach to tax policy changes and their real-world effects on individuals' financial situations.

Should Obama's "Making Work Pay" tax cut be extended?

  • Yes

    Votes: 1 25.0%

  • No

    Votes: 2 50.0%

  • What Obama tax cut?

    Votes: 1 25.0%
  • Total voters
    4
  • Poll closed .
jtbell
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We have a poll about extending the Bush tax cuts, so I thought it might be interesting to have this one to go along with it. :smile:

Your paycheck is about to shrink

My wife and I must be among the few people who actually saw this "stealth tax cut" because we got an unanticipated refund for it.
 

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I thought it was already extended, in that it was designed to be implemented both last year as well as this year. If you are asking about an extension beyond the second year, my response would be that we should wait and see.
 
Considering all it amounts to is lunch money - let it expire - I want to lose a few pounds.
 

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