Paul Ryan and Jeb Bush already have a huge recession planned

Off the Charts: The House is scheduled to vote tomorrow on the first of an expected series of bills to make permanent many large “tax extenders” — tax breaks, mostly for corporations, that policymakers routinely extend a year at a time — without offsetting the cost.  Tomorrow’s bill would make popular charitable-related tax provisions permanent, which many lawmakers support on policy grounds.  But, as our paper explains, doing so now without offsetting the costs would open the door for making other, costlier extenders permanent.  Making all of the extenders permanent would cost $473 billion over the next decade (see graph).