CNBC's 'Clarification' of Bush Tax Cuts Still Ignores Their Across-the-Board Nature (Updated)

Newsbusters "It is simply not true that ending the Bush tax cuts for those earning over $250,000 will only affect "the wealthiest Americans." Doing so will instead extract more money from people who happen to be the "highest-earning Americans" starting next year, regardless of whether they have previously accumulated a great deal of wealth or are saddled with a mountain of debt to the point of having a negative net worth."

Expiration of Bush Tax Cuts Would Cost Families Thousands in 2011, Study Shows  "Millions of families will be faced with thousands of dollars in tax increases if the Bush tax cuts are allowed to expire at the end of the year, according to estimates from the nonpartisan Joint Committee on Taxation."