SunsettED. It means they had an expiration date of Jan.1, 2011. The only way they were able to pass in the first place is with the promise of the tax cuts being sunsetted.
Which was a demand by the democommies before they would vote for it’s passage...
“SunsettED. It means they had an expiration date of Jan.1, 2011. The only way they were able to pass in the first place is with the promise of the tax cuts being sunsetted.”
As I recall, there was a Congressional rule in place that tax cuts would have to have equal spending cuts to balance the loss of revenue. To avoid trying to come up with more than a trillion dollars in spending cuts, the Republican Congress sunsetted the tax cuts before the critical ten year period came into play.