It's the Deficit Dummy? Well, not really!!!!

[Lonestarblue]

9. Actually they probably will get renewed because the bill was written in such a way to make it

nearly impossible politically to let it lapse. The corporate tax breaks are permanent while the personal tax breaks are the ones elapsing, and many middle income taxpayers got breaks on their taxes, especially those who never itemized deductions. Biden has promised not to raise taxes on anyone earning more than $400,000, but letting these tax breaks lapse would do just that.

Writing a new law to make the corporate breaks lapse while keeping the tax breaks for middle income earners would never pass the House now.