re: #62 albusteve

so you think the GOP would have tossed away the Bush cuts in favor of using the ceiling for political leverage?…I don’t

The problem with the tax cuts was that Dems in congress were never willing to let them all expire, as they’d all campaigned on promising the preservation of the sub-250K part. So any threat to do nothing and let them all expire was entirely empty on the Dem side, especially right before an election where they’d be nailed to the wall with a such a major broken promise.