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Response to hfojvt (Reply #5)

Sat Apr 13, 2013, 01:33 AM

16. Good points, but the Bush tax cuts, by their terms, expired automatically 12/31/10

Congress and Obama could have made them expire before that, on the ground of the extreme crisis we faced in January 2009, but they chose not to. So, they expired in accordance with their terms on 12/31/10.

At that point, Bush had no power to cut or raise taxes. He didn't try, either. As of January 1, 2011, though, the Obama tax cuts took effect. They were identical to the Bush tax cuts, but they had nothing to do with Bush.

I think it's useful to label them in a way that does not obscure that.

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Replies to this discussion thread
Arrow 35 replies Author Time Post
Nye Bevan Apr 2013 OP
Shrike47 Apr 2013 #1
DevonRex Apr 2013 #3
Iliyah Apr 2013 #25
neverforget Apr 2013 #2
JDPriestly Apr 2013 #7
neverforget Apr 2013 #8
JDPriestly Apr 2013 #9
avaistheone1 Apr 2013 #29
HiPointDem Apr 2013 #4
hfojvt Apr 2013 #5
IfPalinisAnswerWatsQ Apr 2013 #14
LineLineReply Good points, but the Bush tax cuts, by their terms, expired automatically 12/31/10
merrily Apr 2013 #16
Marr Apr 2013 #34
JDPriestly Apr 2013 #6
ProSense Apr 2013 #10
JDPriestly Apr 2013 #12
ProSense Apr 2013 #15
merrily Apr 2013 #17
ProSense Apr 2013 #19
merrily Apr 2013 #21
hfojvt Apr 2013 #18
ProSense Apr 2013 #22
hfojvt Apr 2013 #31
merrily Apr 2013 #23
JDPriestly Apr 2013 #24
merrily Apr 2013 #26
hfojvt Apr 2013 #30
merrily Apr 2013 #32
merrily Apr 2013 #20
merrily Apr 2013 #11
bvar22 Apr 2013 #13
merrily Apr 2013 #27
Iliyah Apr 2013 #28
merrily Apr 2013 #33
GeorgeGist Apr 2013 #35
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