It isn’t a tax cut. These are tax rates we’ve had in place for 11-years. They’re no longer the “Bush Tax Cuts” ... they’re just “current tax rates”. Avoiding a $4.6 trillion tax hike with a $4.1 trillion “tax cut” is a 500 billion dollar tax hike.
I don’t see why they ever needed an expiration date.
SnakeDoc
The had to have an expiration date because Bush could only get them through reconciliation which required them to be temporary.