Because it was an UNFUNDED tax break and Repubs used Congressional reconciliation both in '01 & '03 to pass it (reconciliation = parlimentiary manuever that requires only 50 votes to stop a filibuster instead of the usual 60) and to force thru the tax cut thru. Reconciliation has been used 24 times total, 14 times by Repubs. Of course the Repubs cried foul when the Dems used it to pass Healthcare reform and claimed it was unethical. Such hypocrits.
Repubs could only make the tax cuts for 9 years because to make them permanent would have mean that they would have had to *gasp* pay for them! Every dime of the Bush tax break was added to the deficit and in fact the tax break alone acounts for approximately 35% of the deficit. 20% of the deficit is unfunded war spending. 30% is lost tax revenue due to the poor economy. 6% is due to the bailouts. The other 10% or so is new plans passed mostly by the Dems including Healthcare.
Bush inherited a 4% unemployment rate from Clinton. When Obama won the election unemployment was 6%. When Obama was inaugurated unemployment was 8%. That is what Repub policies did for our economy. Tax cuts help you and I buy more PSD
parts and shop at Walmart. Someone who after all of their right offs already clears 2 million dollars is not going to buy more crap because they save 80K on their taxes that year. My multi-millioniore step-dad (last one, not current) lives in a trailer park and drives a scooter. (I swear I'm not exagerating) The Corp tax rate is unchanged and that is who hires anyways.
Faux news make it out like immigrants, welfare, and the bailout programs are the reason we have this deficit. Congress could get rid of ALL discretionary spending like highways funds, border security, student loans, welfare, etc... and it would lower the budget a whopping 12%. That stuff is a scape-goat but not the real problem.
If you want the tax break to be permanent then cut spending. The Dems might tax and spend but then the Repubs spend AND cut taxes which makes them full of hot air when they talk about the deficit. In the immortal words of Cheney "deficits don't matter."
I could be excited about the new Congressional members if it was a new group but for the most part it's not. It's the same old high spending Repubs of years past.
I will personally be voting Republican if they stood up and said "to pay for these tax cuts we have to cut military spending, Social Security, etc.." but they won't. They want those votes too much.