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Is there a political cost or statutory block to doing a Bush-tax-cuts-style 10 year expiring plan? Regardless of the merits, most of those cuts are still law, a
by twoodfin 10y ago
Is there a political cost or statutory block to doing a Bush-tax-cuts-style 10 year expiring plan? Regardless of the merits, most of those cuts are still law, and the GOP was able to extract concessions for the parts that were allowed to expire.
Once in place, tax cuts are hard to reverse even through inaction.
- tptacek 10y agoThe Bush tax cuts expired in 10 years because the deficit projections allowed it to last that long. Projections for this proposal --- which again I think we should treat as fictitious, like every administration's first tax plan --- give it 2 years.