Quote:
Originally Posted by sburnsey931
All of the so called Bush tax cuts were temporary also. They were never "intended" to be permanent either. The President had to extend the during his first term. They were made permanent at the insistance of the President and the Democratic Party. They chose to not include the SS 2% in the legislation. They chose to let it expire and raised everyones SS payroll tax from 4.2% to 6.2%.
Posted from my iPhone/Mobile device
|
Bush and the Republicans wanted his tax cuts to be permanent, they had to agree to the Democrats' insistence on a sunset expiration in order to get them passed. Giving Obama and the Democrat Party credit for making them permanent is a twist. It wasn't as if Republicans opposed Obama and the Democrats allowing them to be extended during his first term--the Republicans were absolutely in favor of extending them. They were the ones who originally created them and wanted them originally to be permanent, against the wishes of the Democrats. That the Democrats agreed to extend them testifies to how important the tax cuts were to prevent economic decline, and makes apparent the lie that they were the cause of the recession.