Monday, March 28, 2011

CBPP agrees with TJE

Increase taxes for everyone!

1 comment:

Patrick_L said...

Yes...this wasn't really a secret. I know we've discussed the need for letting all of the Bush tax cuts expire previously on this blog- and how the Obama obsession with just the 250k cuts are just politics. The only reason why the 250k and up tax cuts get brought up so often is because they are the most egregious.

All the Bush Administration did was deficit-finance these tax cuts- just to maintain the historical standard of spending you would have had problems. But that assumes we didnt' have an aging population, exponentially rising health care costs, multiple wars and the costs associated with them (like veterans' health care), etc.

It was just plain stupid fiscal policy- then and now. Our country cannot afford any extension of the Bush tax cuts.