Republicans Set Aside Middle-Income Tax Cuts to Focus on Rich

A few Highlights
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Democrats say the Republicans are favoring tax breaks that do little for middle-income Americans; 50 percent of all U.S. households earn between $26,859 and $120,100, according to the Tax Policy Center, a nonpartisan research institution in Washington.
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House and Senate Republicans agreed last week to extend for two years the 15 percent rates on dividends and most capital gains, enacted in 2003 and slated to expire at the end of 2008.
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House and Senate Republicans agreed last week to extend for two years the 15 percent rates on dividends and most capital gains, enacted in 2003 and slated to expire at the end of 2008.
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Estate-Tax Repeal

Repealing the estate tax would cost the government as much as $78.8 billion a year by 2016, according to the committee.
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