Would a One-Year, $750 Billion Tax Hike Be a Good Idea? - The American Spectator | USA News and Politics
Would a One-Year, $750 Billion Tax Hike Be a Good Idea?
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No, it wouldn’t. It would be disastrous. But that’s what anyone who suggests that we could close the deficit by simply following current law is advocating. (Doing so would entail allowing all the Bush-Obama tax cuts to expire, letting the AMT hit 20 million households, and cutting Medicare payments to doctors by one-third.)

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