What will Congress do about the Bush tax cuts?

[babsbunny]

http://voices.washingtonpost.com/ezra-klein/2010/07/what_will_congress_do_about_th.html

Howard Gleckman on the likely end game for the Bush tax cuts:

Unlike most recent congressional debates, the Democrats may have the procedural upper hand this time. With health care, for instance, Republicans would have “won” by blocking congressional action. Gridlock would have preserved the status quo, an outcome favored by about half of voters — and overwhelmingly supported by the GOP base.

But this time, stalemate means the Bush tax cuts expire for everyone. For most households, that will feel like a tax increase — an outcome favored by a handful of budget wonks but very few real people. Democrats believe this will give them the leverage they need to force the GOP to deal. Republicans, by contrast, feel they’d be able to blame the ruling Democrats for failing to tackle the pending tax hike.

[doc03]

1. I predict they will leave all of them place

especially the ones for the rich. The Republicans have already set it up, everyone believes the economy will still be sluggish next year so if they suspend the tax cuts the Democrats will get
the blame. They are already saying the reason companies won't hire is because of the uncertainty, employers are reluctant to hire because they don't know what regulations and tax increases are in the future. So democrats are between a rock and a hard place and as usual don't have the backbone to fight.