Post by
IBCoupe »
https://forums.nicoclub.com/ibcoupe-u134097.html
Mon Nov 22, 2010 10:28 am
Quick note: CNN reports that, based on Treasury estimates, letting all of the tax cuts expire would save us $500 billion next year. We'd still need cuts to get to a balance, but that would certainly help (the 2010 deficit was $1.3 trillion, remember), and it requires no additional legislative action!
A bargain at twice the price.
And I'm starting to like the sound of this, the more I think about it. We certainly can't afford to make them permanent, and the biggest argument for doing something right now is to create some certainty. Businesses are sitting on cash because they don't know what will happen next year, right? Well, wouldn't extending them for two years mean that we're just pushing out that uncertainty? It might just be better to rip this band-aid off.