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|User Info||Tax Deal: BARF; entered at 2010-12-06 23:04:47|
Registered: 2008-03-13 MO
"All Bush tax rates extend for the next two years. This has no net impact from today. That is, today's deficits will remain as so will the tax rates."|
Likely not the case for the immediate future. OMB deficit predictions would take into account the expiration of the Bush tax cuts. That would present a rosier picture. They also had a sitting president who told the American people he would let them expire.