SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Knighty Tin who wrote (127417)4/23/2011 2:43:10 PM
From: TimF  Read Replies (1) of 132070
 
But, since it was considered a short term measure by Bush when he proposed it and had an expiration date, to extend that expiration date is a tax cut.

Wrong on two counts. First the idea was never to have the taxes cut for only a temporary period, that was only all they could count on getting passed so they went for it (and didn't have the votes to make it permanent in the years leading up to the expiration)

Secondly even if it had been intended as temporary, letting it expire raises the rates people pay, and is thus a tax increase. If it was really planned to be temporary, than it would be a planned tax increase, and one planed by Bush and those voting for the increase, but its still an increase.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News