Argument: Extending Bush tax cuts for 1 year would hardly add to deficit

Issue Report: Expiring Bush tax cuts for the wealthy in 2010


Debra J. Saunders. “Ending the Bush tax ‘cuts’ is a tax increase.” San Francisco Chronicle. August 15th, 2010: “He must know that to put off raising taxes on the rich for one year would add $36 billion – peanuts in his circle – to the deficit. It’s not going to close the gaping hole, but it could scare private-sector employers who are considering hiring. Especially when there are whispers from Washington that Obama is drafting another huge economic stimulus package.”