Comment & Debate
“Our view on balancing the budget: To help control the deficit, let the Bush tax cuts expire.” USA Today. July 21st, 2010: “As it happens, with the so-called Bush tax cuts of 2001 and 2003 set to expire at the end of this year, both parties have a chance to do something about the deficit simply by doing nothing. So are they prepared to seize this rare opportunity? Hardly. President Obama and most Democrats want to extend those tax cuts — which slashed marginal rates as well as taxes on dividends and capital gains — for all but high-income households. Never mind that most Democrats voted againstthe cuts in the first place, or that the economy had been flourishing before they were enacted.”