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To: SES1066

get to the last paragraph and it says likely nothing happens and they simply extend for a year. I enjoyed the article but the author went a long way to demonstrate that in the end nothing will change.


7 posted on 11/27/2014 5:57:05 AM PST by wiggen (The teacher card. When the racism card just won't work.)
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To: wiggen
From the article: Both sides agree the most likely outcome is the one neither want: A simple one-year status quo extension of all the breaks.
[G]et to the last paragraph and it says likely nothing happens and they simply extend for a year.

HOWEVER even that will require Legislative action as all of those provisions have already EXPIRED! With the GOP Senate, the urge will be to try to put Obama on the record as VETOing these favorable tax provisions that will be marked as taking effect on 01/01/2014 (post facto). If this circus happens, the IRS will hold everything in abeyance until the smoke clears.

Simple, even this is NOT!

14 posted on 11/27/2014 6:28:47 AM PST by SES1066 (Quality, Speed or Economical - Any 2 of 3 except in government - 1 at best but never #3!)
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