The main stream media organizations have not shown this, but right on page 4 of the actual report of Standard's and Poor's, it says this:
"Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act."
That is not being reported and wont be, but its there. Below is a link to the report, so you can see it for yourself and save it if you like.
"Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act."
That is not being reported and wont be, but its there. Below is a link to the report, so you can see it for yourself and save it if you like.