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.

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

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