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?
Tag Archives: Bush tax cuts
The Bush Tax Cuts and the Economy
The impact on economic growth from various treatments of the expiring Bush tax cuts are examined.
The Great Debate© – To Extend or Not to Extend
Robert J. Samuelson has an Op-Ed in The Washington Post that argues for an extension of all the Bush tax cuts. Seven economists respond in The New York Times. There was also a survey of economists by CNN a week ago that we also include in the debate.