Support The Tax Deal

Keith Hennessey summarizes the key terms and makes a compelling case for supporting the tax compromise here.  His bottom line:

Given a Democratic President, this is the best possible deal that could be reasonably expected.  For the next two years, through the remainder of President Obama’s first/only term, tax rates won’t go up on anyone except dead people.  (OK, actually their heirs.)  That is a total and complete policy win.

I would add that it also appears to be a complete philosophical win.  The most liberal President in my lifetime is effectively conceding that higher taxes suppress economic growth.

Published in: on December 9, 2010 at 11:49 am  Leave a Comment  

The URI to TrackBack this entry is:

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: