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

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

  1. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Wasn't there a sunset- provision in his tax-cuts? Discuss...
     
  2. iamwhatiseem
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    iamwhatiseem Gold Member

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  3. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    IOW- you either don't have the answer or don't want to answer.
     
  4. expat_panama
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    expat_panama Silver Member

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    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
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    waltky Wise ol' monkey Supporting Member

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    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
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    Intense Senior Member

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    Yes. As I understand it without 60 votes in the Senate he couldn't make them permanent.
     
  7. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    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
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    uscitizen Senior Member

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    Yes but Bush III, The Rebuttlickens and Demoncrats renewed them.
     
  9. Intense
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    Intense Senior Member

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  10. Greenbeard
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    Greenbeard Gold Member

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    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.
     

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