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Monday, December 06, 2010

To cut all taxes or not?

Paul Krugman says of extending all the Bush tax cuts (including those for the wealthy) "Let's Not Make a Deal."

But Nick Silver suggests that Democrats don't necessarily have any bargaining chips, unless they're seriously prepared to let the entire $4 trillion tax cut program expire.

My vote?  Let the cuts expire and see if Republicans are willing to start fresh with tax cuts in January when they have to argue about the deficit impact.  Or just pass an entirely new program of Obama middle-class tax cuts.  Let the Republicans oppose that.

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