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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsQuestion about "permanent" tax cuts
Can't a future Congress repeal tax cuts that are passed now as "permanent"? I can't believe that a bad law/tax cut/etc. can't be reversed anytime in the future.
unblock
(52,243 posts)other parts of the bill are scheduled to expire, particularly right before the 10 year mark so they don't add to the deficit after that point.
MiniMe
(21,716 posts)The middle class tax "cuts" in the bill expire after 5 or 10 years
el_bryanto
(11,804 posts)Because it's a lot easier to get congress to do nothing than to do something; that means that in theory the hit to the revenue of the United States won't be as deep. If they make the taxcuts permenent than you have to get congress to do something; which they probably can do, but it would be considerably more difficult.
Or that's my take; I could be wrong.
Bryant
maui902
(108 posts)It's just a matter of how many votes are required to do so. In this case, the tax bill proposed by Senate Republicans provides that most of tax cuts aimed at the middle class expire after 10 years while at the same time the tax cuts aimed at businesses are not set to expire (somewhat misleadingly, the latter being regarded as "permanent" . The real story is that the middle class tax cuts are slated to expire to avoid the rule that requires a 60 vote majority in the Senate; if any bill proposed in the Senate leads to budget deficits more than 10 years from passage, then the bill requires 60 votes to pass. Because Republicans know they can't get 60 votes, which would require at least 8 and maybe more Democrats/Independents to approve this terrible bill, they've created a bill that can pass with only Republican support, but they'll need at least 50 to get there.
Angleae
(4,484 posts)Any law can be changed or ended by another law
Demsrule86
(68,582 posts)gerrymander so I think we get back the house and Senate stop Trumps court packing...and then in 20 get a Dem elected and fix what Trump and the GOP did.
wishstar
(5,269 posts)That's what Repubs are counting on along with the phased- in eventual tax increases for lower income individuals that are disguised in this bill.