The Bush Tax Cuts: What Should Be Done?

In a recent article, I suggested five revenue raising measures that would yield $573 billion annually and thereby cut significantly into the US budget deficit. Earlier, I suggested legalizing drugs, and I estimated that would yield an additional $32 billion a year. In short, while government expenditures cuts will have to be made, tax increases can also play a significant deficit-reduction role as well. But should be done about the Bush tax cuts?