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View Diary: Taxing the rich -- room for compromise? (31 comments)

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  •  There was a good reason they had an expiration (2+ / 0-)
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    Words In Action, S F Hippie

    date...the budgetary math completely exploded if there had not been a sunset date.  The whole Bush tax cut bill was based on fiscal smoke and mirrors.  I wish I could fins a link to some of the op-ed pieces that the NYT ran in the weeks leading up to passage of those tax cuts in the first place.

    Both sides went along with the charade of an expiration date, and both sides knew that the expiration date would never happen because, after 9 years of getting used to lower taxes, most Americans would see the expiration and return to "normal tax rates" as an unbearable tax increase.  That would have been the perception no matter what was going on in the economy.  It simply human nature.

    Oregon: Sure...it's cold. But it's a damp cold.

    by Keith930 on Thu Nov 15, 2012 at 05:36:59 AM PST

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