I don't know if there will be a deal on the "fiscal cliff" or if there really is a cliff. I do know I am tired of hearing about the "Bush tax cuts".
We should end these tax deals with expirations and reversions. What rates put in place while Mr. Bush was President are history now. Congress should set the rate and if we want to change it in the future that's can be done.. The same is true with the FICA reduction passed a couple years back and due to expire now.
Now that expiration becomes a defacto thousand dollar a year hike for America's working families and middle class. (2% of income based on $50K income)
Referring to rates set ten years ago as the Bush tax cuts" forever taints the current debate. Just set a rate and call it the current rate.
Obama, leaders talk fiscal cliff compromise - Reid J. Epstein - POLITICO.com