Too Much Wishful Thinking on Middle-Class Taxes
December 30, 2012 - 9:22am
Gregory Mankiw, NYTIn the continuing fiscal negotiations between President Obama and House Republicans, both sides have, from the very beginning, agreed on one point: Taxes on the middle class must not rise. But maybe it's time to reconsider this premise. An unwavering commitment to keep middle-class taxes low could be one reason the political process has become so deeply dysfunctional.
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