7 key money decisions facing lame-duck Congress

Bush tax cuts: What nobody is talking about

Under rules passed earlier this year, lawmakers are obligated to pay for any extension of the Bush tax cuts that apply to higher income households.
Those budget rules can be waived, however, if the extension is deemed "emergency spending." That's because lawmakers don't have to "pay" for emergency spending -- it just gets added to the deficit.
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http://money.cnn.com/2010/11/14/news/economy/bush_tax_cuts_deficit/index.htm
["It's lifestyle-threatening situation!" PolitenessMan]
 
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