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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (151940)	12/10/2010 2:15:44 PM
From: KyrosL	Read Replies (2) \| Respond to of 543053

One can argue this is no budget buster: 1. It extends TEMPORARILY all the Bush tax cuts. Let's not forget that if ALL the Bush tax cuts expire, then the long term fiscal problem is fixed without taking any other action. The "middle class" Bush tax cuts are in fact twice as expensive as the "rich" Bush tax cuts. 2. It focuses attention on the debt commission recommendations. Since the tax cuts are now temporary, Obama can demand that the debt commission recommendations are adopted, greatly simplifying the tax code, or he vetoes any attempt to make the tax cuts permanent.