Well, the tax rates are just going to go up to where they were before the Bush Tax Cuts were passed. It will be the Clinton Tax rates. The economy was great then, right? I want taxes cut too, but at least when the tax cuts for the rich expire, everyone will realize that the tax cuts were actually for everyone.
We had a GOP Congress from 1995-2001 under Clinton who constrained his fiscal predilections. But even with GOP control of Congress, the economy would have taken a big hit thanks to the Clinton confiscation but for the fact that the dot.com and housing bubbles were raging. Bob