"What difference" "does it make?"
☮★★☮ Just a democratic-socialist in the heartland of America.CHECK OUT MY TUMBLR(BLOG)HERE "Life is beautiful. Let the future generations cleanse it of all evil, oppression, and violence, and enjoy it to the full."
The partial extension, which seems to have the most political momentum, involves institutionalizing (making permanent) all of the temporary tax cuts except for those "making" more than $250,000. That group would have an incremental tax rate as before 2001.... ie: The "Clinton" rates.
Personally, I have stated many times on this board that we should have a top rate on incomes of over $1M of 50% (as the higher the rate on earnings, coupled with low cap gain rates, the more you incent business owners to refrain from salary and re-invest in their businesses)... but that is not part of the multiple choice questions and not likely to happen in this decade.
Can't we just turn Congress off and then turn it back on again?