RE: why not make any tax increase “temporary”?
WATCH CALIFORNIA. That is what Proposition 30 (which the Californians passed ) is all about. A “temporary” tax increase on millionaires.
How many are willing to bet that this “temporary” tax increase will be permanent?
Also how many are willing to bet that the “rich” will be defined down to $100,000 and less?
“The closest thing to eternal life on earth is a government program” — Ronald Reagan.
The libs in AZ were enraged when their favorite 'temporary' 1% tax surcharge was not made permanent in the election this year. One of the most effective ads against the renewal was a video of two state senators piously promising this would only be temporary, immediatley folloewed by newer footage of both of them insisting it was always supposed to be permanent, for the children you know.
As for Kristol, he is correct that the tax itself wont destroy anything, but it is also correct to say it wont fix anything. It will just serve to de-motivate a few more small business owners. And maybe that is the real goal.