Taxes
Taxes
Whenever the balance of power shifts in Washington, the question arises: "Will taxes go up?"

Tax experts predict that Democrats are unlikely to make any moves over the next two years that would boost taxes or roll back President Bush's tax cuts, which are set to expire at the end of 2010. After all, they’re hoping to win back the White House in 2008; besides, President Bush could veto any such attempts.

In fact, the Democrats may even try to make permanent two tax breaks created over the past five years, according to Clint Stretch, managing principal of tax policy at Deloitte Tax LLP: the increased child tax credit and increased marriage penalty relief.

Nevertheless, when the new Congress convenes in January, the Democrats are expected to at least raise these issues: curbing company tax breaks on executive pay, imposing a windfall profit tax on oil companies, reforming the alternative minimum tax and boosting the estate tax exemption.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.