General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis Deal DOES NOT "Make The bush Tax Cuts Permanent."
Congress can raise taxes on anybody and everybody they want to any time in the future.
All this legislation does is extend the bush rates and eliminate the need for them to be reauthorized every year, with the threat of not reauthorizing them sending rates back to Clinton levels. The bush rates are now the baseline rates, just as the Clinton rates were the baseline from which the bush rates were enacted with a sunset clause.
Congress can always decide to raise tax rates, and there's nothing in this legislation that says the bush rates are set in stone and can't be changed in perpetuity.
Tempest
(14,591 posts)All it needs is the signature of the sitting president.
NoOneMan
(4,795 posts)Thats a hilarious rationalization
Enrique
(27,461 posts)I have never heard anyone make that semantic point about the word "permanent".
And now I have heard it here several times in the past 24 hours.
stopbush
(24,396 posts)That's the problem, not the Constitutional reality I pointed out in my OP.
Let the Rs think they're getting a "permanent" extension of the bush rates. They'll see how permanent they are as soon as they lose control of the House, which may well happen in the next 2 - 4 years.