I was in favor of ending the Bush-era tax cuts immediately, but after continued poor employment numbers, we need a more nuanced approach. We should consider pegging the sunset of these tax cuts to something non-arbitrary, like a certain amount of GDP growth, or a lower level of unemployment. This would avoid the unproductive brinkmanship that Congress engages in over this issue – and could prevent our fragile recovery from being further slowed down.This is essentially what I suggested in June (HC op-ed, blog post). Nice to see someone who might actually be in a position to do something having similar thoughts.
Wednesday, September 19, 2012
Actual Politician for State-Contingent Fiscal Policy!
Matthew Yglesias points to Maine Senate candidate Angus King's views on the expiration of the Bush tax cuts: