Tax gridlock?

According to this Washington Examiner piece, the report from Volcker's tax commission is now not expected until November (it was originally due last December). So important tax legislation might happen in a lame duck session?  I don't think so, especially if the Republicans gain control of either house.  That could mean the Bush tax cuts expire for everyone, not just those at the top of the income scale.

Wow. That will be the mother of all tax increases.  Contrary to media spin, the Bush tax cuts included many critical breaks for the middle class, they weren't just about "the rich."

Sounds like a great way to extend and deepen the recession.  I'm not easily surprised by politicians, but kicking this particular can down the road is breathtakingly reckless.