Tax Lawyer's Blog

Economist Greg Mankiw reminds us of last month’s Wall Street Journal survey of economists on the wisdom of extending the Bush tax cuts:

This seems to be the economic policy question of the hour.  It might be worth recalling that last month, the Wall Street Journal polled economists about this question. Of those who expressed an opinion, here are the results:

• 6 percent said no, all the tax cuts should be allowed to expire,
• 24 percent said yes, but only for those making less than $250,000 a year,
• 70 percent said that all the tax cuts should be extended.

If you listen to some pro-tax folks, this means that 7 out of 10 economists are either greedy, selfish or ignorant because there simply can be no intellectually sound reason for opposing increased taxes on the rich.

Ugh!

Related Posts:

• The Atlantic: 6 Reasons to Extend the Bush Tax Cuts
• Smoke and Fog: Another Saintly Pro-Taxer Accuses Anti-Taxers of Lying
• Kay Bell on Myths About the Bush Tax Cuts
• A Tax Un-Cut!

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