Congress should let all of former president George W. Bush's 2001 and 2003 tax cuts expire to cut the long-term budget deficit, former Federal Reserve chairman Alan Greenspan has said.
Mr Greenspan's support helped persuade Congress to pass the tax cuts in 2001 and his comments thrust him into a heated political battle over whether to extend them beyond the end of 2010. "They should follow the law and let them lapse," Mr Greenspan said in an interview.
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