It sure seems that way. Woohoo, we've managed to keep AMT from gutting middle-class America... for one year. We've passed legislation to keep capital gains from going amuck... for two years.
What is this, the 1960s Chevrolet model of tax-cutting? Cut it for such a ridiculously short span of time that it becomes a permanent issue? "Vote for us, or we won't be around to give you another 12-month moritorium against having your paycheck raped by AMT next April?"
Talk about your cynical, election-year ploys. This is ridiculous. At least Soviets pretended to give you a Five-Year Plan.