[Eagle of Liberty]

Thought this would be a good refresher for those SEMINAR CALLERS calling the talk shows claiming that the tax cuts were supposed to be some temporary thing. Republicans wanted them PERMANENT!!

[Deb]

Hell, Bush wanted them to be permanent. People forget the cuts were sunsetted because Tom Daschle threatened to filibuster. The Dems got caught in their own rope.

[prov1813man]

ahem...Tax cuts are not “costly”. They have consistently INCREASED tax revenue and stimulated economic growth.

[Eagle of Liberty]

From the link:

So what do the election results mean for future tax cuts?

While Congress and the executive branch are now under Republican “control,” that is an overstatement. It will still be difficult to advance tax cuts, and they are far from a foregone conclusion. This is especially true in the Senate, where the power of the filibuster and the budget rule (recently extended until April 2003) requiring a 60-vote supermajority to pass tax cuts remain powerful protections. As one example, our analysis of the post-election prospects for estate tax repeal shows that the new Senate will still lack from one to three votes to pass permanent repeal of the estate tax. Moreover, Congress passed the Bush tax cuts when the federal government was running a budget surplus, the economy was strong, and we were at peace abroad. This situation, key to securing congressional support, has changed considerably:

The economy continues to struggle, with the unemployment rate up to 5.7 percent at last count. Both parties agree that we need economic stimulus. Granted, the right kind of stimulus is still in dispute, but there should be room for compromise. To do any real good, stimulus efforts need to be fast, putting money in the hands of people who will spend it. Tax cuts that mostly benefit the wealthy (who are less likely to spend) or permanent long-term tax cuts down the road won’t accomplish this goal. A mix of short-term measures to stimulate the economy, with some goodies for each side, could benefit the economy and the people who most need some help.

[marron]

These aren't the Bush Tax Cuts, these are the current tax rates. We're arguing about the Obama Tax Increases.

[AntiScumbag]

"the position he will reclaim from Sen. Max Baucus (D-MT) in January when Republicans will be the Senate's majority party."

So, do you often quote totally idiotic gibberish with no relationship with reality?

"OMB Watch" is laughable. What's even funnier is that neither you nor anybody else has noticed.

[ldish]

with all the talk about making the Bush tax cuts permanent...does anyone know the status for the inheritance portion - oddly enough there seems to be no discussion on this in media or in congress of late - (zero taxes on those as it should be in 2010)...if anyone has a dollar to leave to their families or children best die before Dec 31 or the almighty govt parasites get a big portion from the “get go” under the fall back to 2000 rules

[ladyjane]

Everybody who makes more than 200k a year should just not spend any money for a week. They should call off their landscaper, window washer and lawn mower for a week and not go out to dinner.

Let’s see how long congress decides to increase their taxes.

Also they should write to their congressman/woman and their senator and tell them there will be no more $$$$ donations as long as they vote for this increase. LOL