Signs Point to Extending All Tax Cuts Temporarily (WSJ)

http://online.wsj.com/article/SB10001424052748703865004575649241381702712.html

Signs Point to Extending All Tax Cuts Temporarily
By JOHN D. MCKINNON and JANET HOOK

Congressional aides from both parties have begun discussing a temporary extension of tax cuts enacted under former President George W. Bush, including those for higher earners, laying the groundwork for a possible deal this month.

The conversations, described as preliminary, have been separate from the formal negotiation among lawmakers and Obama administration officials that began on Wednesday. Those negotiations were described as "productive" by people with knowledge of the situation, although Republicans and Democrats publicly remain far apart.

Most Democrats favor permanently extending the Bush-era tax cuts for families making less than $250,000; Republicans want to extend them for everyone, including higher earners. The tax cuts are due to expire at year's end.

A growing number of observers from both parties believe all the talks ultimately are headed toward the same result—a temporary extension of cuts for all the tax levels...

He opened a can of worms saying they need a new deal. Fucking let the go already. For once let the congress do what it does best ...nothing.

Shine up those shoes, dust off that briefcase. The "tax uncertainty" problem will be solved, no more uncertainty.
Everyone can go back to work now!

--- however the temporary nature of this will lead to uncertainty that will severely hinder the creation of new jobs for the foreseeable future, in spite of the extension of the tax cuts.

:eyes: