2 years only? I'm not sure why they didn't make it permanent. They still have a majority.
Is this the House, or both the House and Senate?
Because its not all that hard to pass things like this in the House...
If this doesn't include the Senate, then even this little extension is dead, dead, dead.
Why didn't they make it permanent? The second democrats get any control of anything, these tax cuts go away. For the rest of my lifetime, probably.
It was VERY smart to go for two years, because a permanent cut WOULD NOT PASS. This is a reasonable, pragmatic way of extending the cuts. If you want permanent cuts, DO YOUR JOB and vote in a permanent 60 seat majority in the Senate. The Congress did what they could with the members they have. Stop your bitching and appreciate what you got.
I never liked the sound of the AMT from the get-go. What is the "qualifying" income level down to?
There is no such thing as a "permanent" tax cut.