Weren't Bush II's tax-cuts temporary?

Discussion in 'Economy' started by Dot Com, Sep 21, 2011.

  1. Dot Com
    Offline

    Dot Com Nullius in verba Supporting Member

    Joined:
    Feb 15, 2011
    Messages:
    49,429
    Thanks Received:
    7,548
    Trophy Points:
    1,830
    Location:
    Fairfax, NoVA
    Ratings:
    +16,306
    Wasn't there a sunset- provision in his tax-cuts? Discuss...
     
  2. iamwhatiseem
    Online

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,831
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,122
    .
     

    Attached Files:

  3. Dot Com
    Offline

    Dot Com Nullius in verba Supporting Member

    Joined:
    Feb 15, 2011
    Messages:
    49,429
    Thanks Received:
    7,548
    Trophy Points:
    1,830
    Location:
    Fairfax, NoVA
    Ratings:
    +16,306
    IOW- you either don't have the answer or don't want to answer.
     
  4. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    Obama explain why he extended the tax-cuts at [ame=http://www.youtube.com/watch?v=PwoKOFgghxI]Obama 2009: Raising Taxes Hurts Businesses and the Economy. - YouTube[/ame] because “You don’t raise taxes in a recession,” and Obama Cuts Deal to Extend All Bush Tax Cuts, Renew Jobless Benefits.
     
  5. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,876
    Thanks Received:
    1,791
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,884
    Uncle Ferd says dem Chinamens would be able to come over here in a rowboat...
    :eek:
    Panetta Warns Military Cuts Would Invite 'Aggression'
    November 10, 2011 | Defense Secretary Leon Panetta warned Thursday that sweeping military cuts which could be triggered by the failure of the congressional deficit committee to strike a deal "invites aggression" from abroad.
    See also:

    Panetta: Bigger defense cuts would be devastating
    Tuesday, 16 Aug 2011 WASHINGTON (AP) — Bigger defense cuts triggered by failed deficit reduction negotiations would have "devastating" effects on the nation's security, Defense Secretary Leon Panetta said Tuesday.

     
  6. Intense
    Offline

    Intense Senior Member

    Joined:
    Aug 2, 2009
    Messages:
    44,909
    Thanks Received:
    5,849
    Trophy Points:
    48
    Ratings:
    +5,863
    Yes. As I understand it without 60 votes in the Senate he couldn't make them permanent.
     
  7. Dot Com
    Offline

    Dot Com Nullius in verba Supporting Member

    Joined:
    Feb 15, 2011
    Messages:
    49,429
    Thanks Received:
    7,548
    Trophy Points:
    1,830
    Location:
    Fairfax, NoVA
    Ratings:
    +16,306
    A rich guy said they need to revert back to Clinton- era levels if we want to get control of the budget. I think his name is Bloomberg ;) He's a billionaire.
    Bloomberg Calls for Ending Bush-Era Tax Cuts, Corporate Loophole - Businessweek
    What they're considering right now, 1.5 over @ 10 yrs is window-dressing w/o the lapsing of those Bu$h- era, tax-cuts
     
    Last edited: Nov 12, 2011
  8. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Yes but Bush III, The Rebuttlickens and Demoncrats renewed them.
     
  9. Intense
    Offline

    Intense Senior Member

    Joined:
    Aug 2, 2009
    Messages:
    44,909
    Thanks Received:
    5,849
    Trophy Points:
    48
    Ratings:
    +5,863
  10. Greenbeard
    Offline

    Greenbeard Gold Member

    Joined:
    Jun 20, 2010
    Messages:
    6,809
    Thanks Received:
    1,200
    Trophy Points:
    200
    Location:
    New England
    Ratings:
    +1,323
    Yes, but only as a procedural trick. Including the sunset provision was the only way to get deficit-increasing legislation passed via the budget reconciliation process.
     

Share This Page