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karynnj

(61,111 posts)
5. Here:s an explanation of what it means to make permanent
Mon Jun 30, 2025, 10:21 AM
Jun 2025

I'm 2017, the bill that passed changed the tax rates only for a period of time which is expiring
This was done because those tax rates were unsustainable with the cost of government

Forward to now, the Republicans are trying to remove the time limit when the tax cuts automatically end. Their bill does this using 2 methods. The first is a giant package of cuts to essential programs. The second is a trick that says they can compare the cost not to what happens if the bill is not passed but the current fiscal situation. Ie they don't have to account for all future years tax collection reduction by not ending the tax cuts.

It is very scary that even with all the painful cuts that will throw many off healthcare, reduce food and heating assistance, cut support of research and cut federal grants for college the deficit is larger than if we allow the tax cuts to expire AS THE 2017 BILL PROPOSED.

In 2017, those tax cuts were seen as unsustainable and they were. Making them permanent means every years budget more difficult constantly refusing what the Republicans will say we can afford. IMO this leads to a country that resembles a third world nation.

As to permanent, you are correct that a future President and Congress could raise taxes. However, tax increases have always been difficult to pass.

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