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Democrats who support Bush tax cuts

September 20, 2010

While most of y'all were out enjoying your weekend, I blogged about some recent economic data and how that might affect Congress' ultimate decision on what to do about the expiring 2001 and 2003 tax cuts.

Some of you might have missed that item because, as I said, you were spending your time off doing other things. Good for you; to each his or her own concept of fun.

But now that it's Monday, I thought that as tax geeks, political wonks or both (I proudly wear both labels!), you'd want to keep track of the impending vote on Dubya's tax cuts, which are set to expire at the end of this year.

As part of my Saturday post on some tax cut calculations, I noted that the Bush-era tax brackets and associated individual tax breaks are gaining fans from the previously loyal opposition.

The Hill newspaper is monitoring the political and tax winds and reveals the Democrats who have publicly announced they are in favor of extending all the current tax cuts.

The Capitol Hill publication promises to add to the list as voting decisions are made public.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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