Bush warns of impact if tax cuts are not extended

06/3/2008 | CNNMoney

President George W. Bush said Monday that if lawmakers do not extend his tax cuts, low-income families, small businesses and the economy will be hurt. However, a Tax Policy Center spokesman said most taxpayers in the top income tax bracket have business income, but only 50% earn more than half their income from business and 25% earn less than 10% of their income from business.

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