Taxes from around the block: Could they extend the Bush tax cuts?

The administration talks taxes.  I will always take good policy no matter if it is from Democrats or Republicans. 

The Obama administration is talking of extending the Bush era tax cuts.  If it makes sense in a recession, why not always. 

What really needs to happen is to reduce spending.  Low taxes without appropriate spending cuts will lead to borrowing and debts. As we have said in numerous posts, the only two meaningful places to make cuts are in defense and medicare.  Both are politically difficult.  Bush tried to reform Social Security and it got him nowhere. 



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