Quote:
Originally Posted by Driller1
Bush tax cuts will have expired.
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You know why?
When the GOP was in power in the mid-to-late 90s, and when they were still actually practicing what they preached re: small government, they made a law that any law that'd increase the deficit must expire after 10 years.
Therefore, the only way Bush could get his tax reform through, since it'd increase the deficit, was to make it "sunset" after 10 years.
The Paris Hilton Tax (i.e. estate tax) included.