Americans in 2011 face huge tax increases as tax cuts enacted during the George W. Bush administration expire. Among the hits to taxpayers: tax rates in all brackets will increase, the so-called "marriage penalty" will return and the child tax credit will be cut from $1,000 to $500.
Should Congress extend some or all of the tax cuts? What will be the effect on working Americans of a tax hike in the middle of a recession? Or should the added revenue be used to reduce the deficit? Tell us what you think.
