Home » Hot off the Press » Would a One-Year, $750 Billion Tax Hike Be a Good Idea?
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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