Do nothing and everyone’s taxes will go up. It may be possible to retroactively repeal them after January but businesses need to be able to plan and make decisions for the future. If people just get money to spend, we will not see a supply side effect.
Sliding up to a month into 2011 with a retro out of Clinton rates would be well worth the correcting action and would take the issues out of the next election by making the current rates permanent!!! (to say nothing of a huge increase in estate taxes to over a third of what a family accumulated after a lifetime of being taxed each year)
Everybody should be trying to throw this creature from the swamp in D.C. down into hell!!!
You can't continue to compromise with evil, even though we've been in the habit of it!!!