Fearing a soaring deficit, many analysts favor letting Bush tax cuts expire

Official and independent budget estimates show that letting tax rates spring back to pre-Bush levels for all taxpayers would bring the country within striking distance of meeting President Obama's goal of balancing the budget, excluding interest payments on the debt, by 2015. Full Story »

Posted by Jon Mitchell - via Google News (Business), Slatest, Washington Post , avivao (f), Fabrice Florin (f), Thanh Tran (f)
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# Diggs: 2 (as of 2010-09-22)
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Posted by: Posted by Jon Mitchell - Sep 20, 2010 - 6:23 PM PDT
Content Type: Article
Edit Lock: This story can be edited
Edited by: Jon Mitchell - Sep 21, 2010 - 9:49 AM PDT
Jon Mitchell
4.0
by Jon Mitchell - Sep. 22, 2010

Covers budget plans on both sides fairly, as well as some independent alternatives. Statistics from a few different think tanks are used to support the assertions here, and I appreciated the presence of CBO, Heritage, and CAP data side by side.

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Shannon Brown
4.0
by Shannon Brown - Sep. 22, 2010

It's informative, unbiased and extremely relevant.

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Roland F. Hirsch
1.6
by Roland F. Hirsch - Sep. 22, 2010

This opinion piece has little journalistic merit. Right from the start it parrots Democratic talking points by using the incorrect "tax cut" phrase instead of "tax rate cut". The two really are different and have different consequences, though the author seems not to comprehend that. Most of the current deficit is due to failed spending policies such as the stimulus, and Obamacare, which is having a deadening effect already on the economy. I hope the Post got paid by the DNC for running this campaign ad!

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Jack Powers
4.0
by Jack Powers - Sep. 21, 2010

“So far, neither the White House nor congressional leaders have come up with a plan to avoid trillions in fresh borrowing if the tax cuts are extended – and ... More »

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AJ Canaria
3.4
by AJ Canaria - Sep. 22, 2010

Social Impact of Journalism A. The article gave various insightful information from a number of sources who actually have credible say on the topic sic as; President Obama, Peter Orszag (Obama's recently departed budget director), Brian Reidl (Budget Expert), Robert Bixby (Executive Director of the nonprofit Concord Coalition, which advocated balanced budgets), Alan Greenspa, (Former Federal Reserve Chairman), Michael Ettlinger (Center for the American Progress Vice President), ... More »

“I am very much in favor of tax cuts, but not with borrowed money,” Greenspan said in an interview last month. More »

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Abbatine Hoover
3.9
by Abbatine Hoover - Sep. 24, 2010

A. Tax cuts and their effect on the economy is a relatively complex subject that is always going to be difficult to explain in a regular news article. Economic principles and philosophies take years to learn and just utterance of the word “taxes” can give people a headache. With that said, I feel like this article did a decent job considering the subject matter. It laid out what was being proposed in regards to ratifying the Bush Tax cuts and what some experts thought the impact of each alternative would be on the American economy. B. I do believe the author had a depth of understanding when he wrote the article and it was conveyed in the piece. The author has definitely done some research into when and why these tax cuts ... More »

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Gianna Devoto
3.7
by Gianna Devoto - Sep. 23, 2010

I believe this article did attempt to explain some of the complexities of the current budget debate. It definitely deepened my understanding of what taxes Bush actually did cut. It clarified some of my basic questions on the subject but also raised more. I am now wondering if the Democrats will be able to ditch the Bush tax cuts and explain to the average Americans that paying a bit more in taxes is better for our country in the long run. In this vein, I think the public dialogue on the issue will increase if this story becomes a well-publicized issue as the cuts near their expiration date.

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Shelby Wilburn
4.0
by Shelby Wilburn - Sep. 26, 2010

This article is takes a fair stance on the subject of the argument. The author utilizes quotes and sources from both sides of the spectrum. The piece presents both viewpoints on the issue and allows the reader to formulate an opinion. The facts are from credible sources like the CAP and capital hill. Unbiased and interesting, the article serves its purpose of informing the public about this issue.

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