It means that individuals, families that earn over $250,000 a year will pay the same taxes that they did during the end of the 1990s when the economy was growing at the fastest rate.
Lew explains tax implications for high earners under the proposed budget.
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More from Jacob J. Lew
Three-and-a-half million Americans, including veterans, deserve our immediate attention.
I totally agree with you, we should be able to put more resources into working on identifying the sources of the tax gap.
I have been trying to deal with it as a crisis that we need to deal with on a bipartisan basis.
The budget also makes critical investments in our domestic and national security priorities while adhering to the bipartisan budget agreement signed into law last fall.