{"id":417,"date":"2010-11-15T11:25:53","date_gmt":"2010-11-15T16:25:53","guid":{"rendered":"http:\/\/www.nw-cpa.com\/?p=417"},"modified":"2010-11-15T11:25:53","modified_gmt":"2010-11-15T16:25:53","slug":"will-the-bush-tax-cuts-be-reinstated","status":"publish","type":"post","link":"https:\/\/www.nw-cpa.com\/?p=417","title":{"rendered":"Will the Bush Tax Cuts be Reinstated?"},"content":{"rendered":"<p>The problem: \u00a0how to tackle the deficit. \u00a0 \u00a0Not extending the cuts immediately raises taxes on everyone. \u00a0Spending cuts are difficult since Medicare, Social Security, and Medicaid represent 50% of our budget by 2015 (\u00a0<a href=\"http:\/\/www.nytimes.com\/2010\/09\/07\/opinion\/07orszag.html\"> Peter Orzag<\/a> ). \u00a0The other half of our budget is split 50\/50 between interest payments on US debt and discretionary spending. \u00a0The discretionary spending is 50% defense and 50% non-defense.<\/p>\n<p>Here&#8217;s an opportunity \u00a0for you to try your hand at balancing the budget. \u00a0Especially pay attention to the revenue options: \u00a0you&#8217;ll find many of the tax effects you may face in 2010.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/interactive\/2010\/11\/13\/weekinreview\/deficits-graphic.html\">Get a Pencil. \u00a0You&#8217;re Tackling the Deficit. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The problem: \u00a0how to tackle the deficit. \u00a0 \u00a0Not extending the cuts immediately raises taxes on everyone. \u00a0Spending cuts are difficult since Medicare, Social Security, and Medicaid represent 50% of our budget by 2015 (\u00a0 Peter Orzag ). \u00a0The other half of our budget is split 50\/50 between interest payments on US debt and discretionary &hellip; <a href=\"https:\/\/www.nw-cpa.com\/?p=417\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Will the Bush Tax Cuts be Reinstated?<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,3],"tags":[401,399],"class_list":["post-417","post","type-post","status-publish","format-standard","hentry","category-economics","category-federal-income-tax","tag-economics","tag-federal-income-tax"],"_links":{"self":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=417"}],"version-history":[{"count":2,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/417\/revisions"}],"predecessor-version":[{"id":419,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/417\/revisions\/419"}],"wp:attachment":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}