More on Senate Dems’ vote to let taxes increase

Beltway Confidential "By defeating DeMint’s amendments today, Democrats approved tax increases on all marginal tax brackets that will rise significantly on individuals, families, and small business to their pre-2001 levels, which were five tax rates of 15%, 28%, 31%, 36%, and 39.6%. According to analysis by the Wall Street Journal, an individual in South Carolina making $40,000 next year will pay about $400 more in federal income taxes. A South Carolina married couple earning a combined $80,000 will see their federal income tax rise by nearly $2,200. A married couple earning $160,000 next year could pay $5,500 more to Washington."