House approves an extension for some Bush-era tax cuts

The House of Representatives has approved legislation that would permanently extend tax cuts for the middle class. The measure includes keeping the tax rate for capital gains and dividends at 15% for individuals who earn less than $200,000 and couples who earn less than $250,000 annually. Tax rates for the wealthy would return to levels set in 1990. The Senate is not expected to take up the measure.

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InvestmentNews (free registration) · Politico (Washington, D.C.)

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