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Taxes would not rise for 98 percent of American households under the president’s plan; those earning $1 million or more would pay an average $100,000 more than they are now.
The former chairman of the Federal Reserve said keeping the cuts would drive up borrowing costs and could lead to another financial crisis.
Senh: Something like this is common sense, isn't it? If you don't have the money to spend, why are you giving it away to people who don't need it? The rich don't need to be richer.