Ironically that's exactly what's in the 'fiscal cliff' package everyone is actively trying to avoid. Makes me wonder if the grand compromise will simply end up being a last minute deal reducing the fiscal cliff to half height.
Don't be a moron, they'll just push the effective date out. It makes good TV but Congress can't really legislate itself into a corner. It's theater. Best possible result would be maintaining the payroll tax cut, or tying it to the Bush cuts. I'm glad he won, but in case you hadn't noticed in the last 4 years, the President is a pussy who gets rolled by the hill daily. He'll be inclined to "compromise" by extending the Bush cuts, paying for that with letting the payroll tax expire and extracting some meaningless token, maybe ending the carried interest exemption.
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