I guess Charles has accepted the leftist position that a tax not collected is an expenditure.
Yes, this is completely disingenuous. So spending now equates to taxes not collected? What nonsense. I don’t understand the rush to do this bill. In January, we’ll have the House, and a much better standing in the Senate. Obama wants the tax rates extended, because he needs to get unemployment down, or he’s history in 2012. Do this deal in January when we have a stronger hand, then make the rates retroactive. The bit about the markets tanking is crap. The smart money knows the rates are going to be extended at some point, so even if the deal happens in January, there won’t be a market collapse in the next two weeks.