CashNet USA

Payday loan lenders may have an increase in business if taxpayers don't start preparing for possible tax hikes. The tax relief plan that President Bush put into action will expire next year and if Congress does not get something in action by the end of this year, people can be looking at their taxes going back up.

President Obama had his extension plan pushed forward by the Democratic run senate as they signed an extension for the middle class only. This would keep their rates low but not save the wealthier taxpayers. It is doubtful that the Republican House will pass this extension without including all taxpayers. The argument behind this action is that it is an election ploy by the President and it will backfire unless revisions are made. The battle of the parties will end up hurting the people of America.