What if we just let all tax cuts expire for now and fought this fight again in January [View All]

[bluestateguy]

Let's try to think this through.

We let all tax cuts expire, and every taxpayer sees a tax increase. Only about 20% of the people support this option. It would be a high price to pay to ensure that the tax cuts for the rich disappear.

So Republicans take over the House in January and immediately pass a bill retroactively extending all tax cuts permanently. The Senate does not have the votes to do this, but as today showed they also not have the votes to just pass middle class taxcuts, and that was with a 58-42 Democratic majority. It will be 53-47 next month.

Where do things go from here? Do you see this scenario working out better than the way things are unfolding now?