Tuesday, July 17, 2012

Why Obama's Tax Plan Is About More Than Ending Tax Cuts For The Wealthy

President Obama's renewed push to end Bush-era tax cuts for income over $250,000 a year has clarified the stakes of this November's election. But if he gets his way, Obama's plan could simultaneously allow the country to at least temporarily avoid the massive budget tightening set to occur automatically at the beginning of the year, which economists fear could lurch the country back into recession.


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