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The Great Tax Cut Debate


The tax cuts enacted in 2001 and 2003 under President George W. Bush expire Dec. 31. President Barack Obama and most congressional Democrats want to renew all the measures, except those affecting the highest incomes. That proposal plus some new measures from Obama would cost about $3.3 trillion over 10 years. Republicans are pushing to extend all the cuts for all income levels. That would cost $4.3 trillion over 10 years.

Some observers including Former Federal Reserve Chairman Alan Greenspan say the U.S. can't afford either approach. Greenspan advocates letting all the cuts expire to help narrow the U.S. budget deficit.

Learn the details of all the tax measures at play in the interactive table below from Bloomberg News. The table can be sorted by category, description, and cost by clicking on the column headings. Roll over the icons of supporters and opponents to see their positions in the debate. Click on the icons to filter the table.

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