Word is that the White House will agree to extend all cuts for a year or two. Do they think that Congress will then be more responsible?
As E.J. Dionne Jr. of the Washington Post put it "Any wholesale extension would be a shameful and abject capitulation that would just prove how easy it is to bully Democrats."
And posted here a few days ago: "During the lame duck session, Democrats should not capitulate, nor even compromise. It certainly does no good to have a short extension of the Bush tax cuts; that just puts them in the hands of a more Republican Congress. Why not just let let all cuts expire as the law specifies and introduce in this session a slightly reduced tax reduction for the middle class?
Let the Republicans vote against that. With the richest 1% of Americans now taking home about 25% of all income (compared to 9% in 1976), let the Republicans justify more benefits for the rich."