History lesson: Joan Walsh reminds us that Republicans are the ones who inserted the sunset into the Bush tax cuts, in order to conceal their true costs.
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Mitch McConnell's tax cut lies
Why does the GOP get away with saying tax cuts for the rich are "existing tax policy"? Or that they create jobs?
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It's hard to believe the entire country doesn't remember (with outrage) that
Republicans under George W. Bush didn't have the courage to make the tax cuts permanent when they passed them in 2001. Phasing the cuts out in 2011 masked the enormous hit to the federal budget, and also ensured the GOP could pass them via reconciliation, with a simple majority. (Remember how Bolshevik that idea was when the Democrats proposed using it for healthcare reform?)
I also don't understand why, if as the Republicans claim, these tax cuts are the secret to job growth, two Bush terms only saw the number of jobs grow by 1.1 million, when jobs grew by 22.7 million under Bill Clinton, at the same time that taxes on the rich were higher. And that's according to the Pulitzer Prize-winning Politifact.com, which fact-checked a Bush-Clinton job-growth comparison made by liberal Democratic Sen. Sherrod Brown, and found he was wrong – he actually overestimated job growth under Bush.)
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more:
http://www.salon.com/news/opinion/joan_walsh/politics/2010/08/23/mitch_mcconnell_tax_lies