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Paul Krugman: Let's Not Make a Deal

Posted on December 06, 2010

Democrats should not give in to demands to extend the Bush tax cuts for all taxpayers:Let's Not Make a Deal. by Paul Krugman, Commentary, NY Times: Back in 2001, former President George W. Bush pulled a fast one. He wanted to enact an irresponsible tax cut, largely for the benefit of the wealthiest Americans. But there were Senate rules in place designed to prevent that kind of irresponsibility. So Mr. Bush evaded the rules by making the tax cut temporary, with the whole thing scheduled to expire on the last day of 2010.The plan, of course, was to come back later and make the thin...

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deficit , economy , fiscal