Bush tax cuts

(Newser) - Local governments across America are cutting back on basic services that virtually everyone needs—roads are being broken down into gravel, teachers laid off, and, in at least one town, the street lights literally turned off—because they have no money and can’t stomach a tax increase. The situation...

(Newser) - Tim Geithner said something pretty interesting about the Bush tax cuts in his speech yesterday at the Center for American Progress. The Treasury secretary explained why the administration was letting the tax cuts for the wealthiest 2% of Americans expire now. “The world is likely to view any temporary...