Since tax cuts normally happen during election years, I'd say that they are really the pandering cop out and that automatic sunsetting unless renewed makes more fiscal sense.
The trickery behind the current sunsetting tax cuts is that it was a ruse to get around the "pay as you go" rules. Bush and Republicans had not intention of paying for the tax cuts and they obviously added a huge amount to the deficit, but they decided to do a work around to make it expire before the 10 year window on deficit increases so that they could ram it through on reconciliation with only 50 votes in the Senate and avoid a filibuster, thus circumventing two whole sets of rules at once. Boy, that sure is respectful of the process and fiscally responsible! The time limits imposed on the bill due to pay as you go rules are the only thing that managed to avoid an even worse catastrophe than we already have had. Not enough to avoid an economic collapse of course, but at least it set up a renewed debate. A small bit, but something at least. Judah On Fri, Sep 24, 2010 at 3:48 PM, Jerry Barnes <[email protected]> wrote: > > All tax cuts and tax increases should not have time limits. If a > congressman wants to change the rate, it should be a new bill. The > new rate will last until the next bill is passed that changes the > rate. Temporary rate changes are a cop out. > > On 9/23/10, Judah McAuley <[email protected]> wrote: >> >> Yup, bunch of spineless Democrats. They've internalized the Republican >> talking points to such a degree that they can't take a shit without 65 >> votes in the Senate. >> >> Judah >> >> On Thu, Sep 23, 2010 at 5:37 PM, Robert Munn <[email protected]> wrote: >>> >>> Apparently Democrats have given up on the idea of extending any of the >>> tax cuts until after the election. >>> >>> http://online.wsj.com/article/SB10001424052748703384204575509793142421332.html >>> >>> Democrats abandoned plans to vote before Election Day on extending >>> Bush-era tax cuts for the middle class while eliminating them for >>> better-off Americans, spooked by protests from vulnerable incumbents >>> and bleak prospects for passage. >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:327893 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
