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Simon Johnson: Think Long-Term Fiscal Sustainability, Let Bush Tax Cuts Expire

First Posted: 9/8/10 Updated: 5/25/11

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Simon Johnson Tax Cuts

New York Times:

According to the Congressional Budget Office, extending all the Bush tax cuts would add $2.3 trillion to the total 2018 debt. The single biggest step our government could take this year to address the structural deficit would be to let the tax cuts expire. Such a credible commitment to long-term fiscal sustainability should reduce interest rates today, helping to stimulate the economy.

Read the whole story: New York Times

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According to the Congressional Budget Office, extending all the Bush tax cuts would add $2.3 trillion to the total 2018 debt. The single biggest step our government could take this year to address the...
According to the Congressional Budget Office, extending all the Bush tax cuts would add $2.3 trillion to the total 2018 debt. The single biggest step our government could take this year to address the...
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