“ For technical reasons, all of these provisions expire at the end of next year — meaning that if Congress does not act, Americans will face the largest tax increase in our history.
GOP Super Committee Republicans.
What was the “technical reason”? It was the use of reconciliation, which allows the Senate to pass budget bills that are not subject to a filibuster. Remember, the evil thing that Dems threatened to use as part of the health care law. The trade off of using reconciliation is that it cannot be permanent - capped at 10 years. Hence, that is why the tax cuts will expire.
