UNBELIEVABLE
The Center on Budget and Policy Priorities estimates that the true cost of the House (tax cut) bill, without the sunset scam, would be $1.1 trillion over the next decade. You know, $550 billion here, $550 billion there, and pretty soon you're talking real money.

The new tax cut plan echoes the 2001 scam in other ways. In 2001 a tax cut that delivered about 40 percent of its benefits to the richest 1 percent of families was marketed as a tax break for ordinary folks. The same is true this time. In fact, the extent to which the House bill favors the rich is breathtaking: the typical family would get a tax break of only $217 next year, but families with incomes above $1 million would get an average of $93,500 each. The center estimates that over the next decade, 27 percent of the tax cut — about the share that goes to the bottom 90 percent of the population — would go to these very high-income families, who comprise a mere 0.13 percent of the population....

the odds are that this scam, like the scam of 2001, will succeed. The tax cut will be passed, and the budget will plunge even deeper into the red. And one day we'll realize that international investors are treating us like a banana republic — that they won't finance our trade deficit unless they are paid very high rates of interest... Paul Krugman