Er, IIRC, it was the Pubbies :)
They did it to get around pay-go and to get some 'Rats to sign on.
Shortsighted little buggers, weren't they?
They sure were. I especially think the worst part of the tax rates returning to what they were in 2002 is that the estate tax is going to hit those with 1 million to 3 million pretty hard. That really is not a ton of money today. The one thing that is a bit weird about saying we are going to be hit with the highest tax increase ever is if we are going back to 2002 rates how is that possible? I mean most of us have had numerous raises since then. I mean when my paychecks added the tax cuts, it was not this huge windfall. I mean it was 100 bucks or so. Does this mean that my taxes go up 100 dollars in 2011?
McCain was a subverter of efforts to have corresponding spending cuts and staged much of the “compromise” as I recall.
I think we will see the Republicans sit on their hands and the lame ducks will out fox them.