"Permanent" And "Temporary"

Howard Gleckman makes an important, and often overlooked, point:

A 'permanent" tax cut is a fiction. No tax cuts are forever.Congress amends the Internal Revenue Code annually, and sometimes morethan once a year. Since World War II, it has done a major overhaulabout once a decade, and is overdue for its next renovation. And givenmassive budget pressures, one is likely to come sooner rather thanlater.And when it does, the entire Code will be in the mix,notwithstanding what it permanent and...