Monday, September 20, 2010

Apparently I want to extend the tax cuts

Here is a survey posted on CNN that shows 60% of economists want Bush's tax cuts extended for all income levels. This isn't far from what I've suggested. There are two forces at work: the recession and government debt. In the short run we need the economy to recover, but we can't afford to keep the tax cuts permanent. Let's extend the tax cuts for all income levels and then starting in 2013 slowly phase in tax increases for the upper groups. To help offset the tax cuts we need to find spending cuts, but again lets not implement those until 2015 or later if the economy is still slow.

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