Whether it is accomplished now or the next session is really not much difference, IMO. If it can get down now, it can also get done then, and in either case, the dems are in a no win situation and really have no other choice but to cave in.
My concern is letting them continue pushing through the rest of their agenda before the House is controlled by Republicans. At that point, the liberal agenda should be DOA.
One could make the case that the reason Obama and the marxists are so easily “caving” at this point in time to the tax issue is to insure the rest of their agenda is pushed through in the next two weeks.
As tenuous as the economy is, we may not have the four-to-six months it would probably take to get a deal done next year.
If the tax cuts aren't extended now, you'll see a massive sell-off of the stock market by mid-month and a pulling of the plug on many annual business investment plans (which won't be reconsidered until 2012).
If we want the Republicans to do "the right thing" for the country and the economy, they ought to be getting an extension on the books ASAP.