{"product_id":"crs-report-for-congress-congressional-research-service-the-libr-9781294274117","title":"Crs Report for Congress: Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945 (Updated)","description":"Income tax rates are at the center of many recent policy debates over taxes. Some policymakers \u003cbr\u003e argue that raising tax rates, especially on higher income taxpayers, to increase tax revenues is part \u003cbr\u003e of the solution for long-term debt reduction. For example, in the 112th Congress the Senate passed \u003cbr\u003e the Middle Class Tax Cut (S. 3412), which would allow the 2001 and 2003 Bush-era tax cuts to \u003cbr\u003e expire for taxpayers with income over $250,000 ($200,000 for single taxpayers). Other \u003cbr\u003e policymakers argue that maintaining low tax rates is necessary to foster economic growth. For \u003cbr\u003e example, the House passed the Job Protection and Recession Prevention Act of 2012 (H.R. 8), \u003cbr\u003e which would extend the 2001 and 2003 Bush-era tax cuts for one year. The Senate also \u003cbr\u003e considered legislation, the Paying a Fair Share Act of 2012 (S. 2230), that would implement the \u003cbr\u003e so-called \"Buffett rule\" by raising the tax rate on high-income taxpayers.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Congressional Research Service the Libr,Thomas L. Hungerford\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1294274112\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781294274117\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Bibliogov\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/11\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 28\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.15lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.69h x 7.44w x 0.06d","brand":"Congressional Research Service the Libr","offers":[{"title":"Paperback","offer_id":48873011413247,"sku":"9781294274117","price":15.75,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/crs-report-for-congress-congressional-research-service-the-libr-9781294274117","provider":"WR Book House","version":"1.0","type":"link"}