The very language of this is bothers me.
By calling it an extension it sounds as if the higher level of taxation is the permanent situation and the current rates are a temporary respite from them. Many pundits are making it sound as if this respite is also ruinous.
Calling the current tax rate "the Bush tax cut" is also disingenuous. The president merely signs the bill that congress presents him. Time to start giving credit and blame to congress for their role in the process.
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