While some of my RINO friends like Dave Mance are more than willing (so they say) to pay higher taxes, I sure don't want to make up the difference that the expiration of these rates will bring....The lowest rate will go from 10 to 15%....That's a 50% increase.....
The problem with sunset legislation is that these rates are the norm...They are the current rates...and saying things will go back to 1999 levels is not credible.......It is a tax hike after that period of time.
I am content to just keep spending and not be at all responsible for the deficit. After all, what's the visible consequence of the current spending spree ? Haven't seen anything so bad so far.
I will gladly keep my current tax rate in exchange for extending unemployment forever.
G.O.P. Leader Sees Outline of Tax Deal - NYTimes.com