Should Congress extend the Bush-era tax cuts?

Yes: Allowing taxes to rise woulddamage a struggling economy

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  • Truthseeker SLO, CA
    April 15, 2012 9:31 p.m.

    Should the Bush tax cuts be extended?


    In 2003 450 Economists' signed a statement opposing the Bush tax cuts, including ten of the twenty-four American Nobel Prize laureates alive at the time, in February 2003 they urged the U.S. President George W. Bush not to enact the 2003 tax cuts; seeking and sought to gather public support for the position. The statement was printed as a full-page ad in The New York Times and released to the public through the Economic Policy Institute. According to the statement, the 450 plus economists who signed the statement believe that the 2003 Bush tax cuts will increase inequality and the budget deficit, decreasing the ability of the U.S. government to fund essential services, while failing to produce economic growth.

  • JMHO Southern, UT
    April 15, 2012 9:22 p.m.

    The four people should just voluntarily give more next year and not ask me to pay more if they feel so strongly about it. One way would be to use the simple form instead of claiming deductions. This would greatly increase their tax burden and help the situation out. However, I would venture to guess that they all used every means possible to lower their tax burden this year and every previous year they have paid. I say...put your money where your mouth is and leave my money alone.

  • Shaun Sandy, UT
    April 15, 2012 2:35 p.m.

    Democrats should really call republicans bluff and introduce a bill that repeals all taxes for the "job creators." At zero percent our economy will become the mecca for job creation and lets face it, it is the middle class that needs the rich and not vice verse.

  • The Real Maverick Orem, UT
    April 15, 2012 1:45 p.m.

    Corporate blackmail at its finest.

    One has to wonder, when will it ever end? The rich and corporations can always "threaten" to take away jobs if taxes aren't adjusted to their liking.

    I'm sorry, but any country who bends to the whims of the very few is destined to fail.

    We shouldn't live terrorized and our government shouldn't be blackmailed by the rich or corporations.

    Raise taxes. Do it.

  • Mark B Eureka, CA
    April 15, 2012 11:47 a.m.

    Asking the guy who runs the C of C about tax cuts is like asking a Red Sox fan about the Yankees. There may be some facts in the reply, but it shouldn't be considered as neutral observations. Can we now look forward to a column by someone who can explain just why the Bush tax cuts didn't make the nation richer, and why doubling down for even MORE cuts would be unwise?

  • Eric Samuelsen Provo, UT
    April 15, 2012 10:26 a.m.

    People who write about economics should know something about economics. If the Bush tax cuts do expire--and let's fervently pray that that happens--they would return us to the level of taxation that prevailed in the Clinton years. Yes, please.

    The Bush tax cuts were the single most destructive and foolish public policy initiative of my lifetime. They accomplished nothing positive whatever. They made nonsense of the notion of fiscal responsibility, and drove our deficits through the ceiling. They increased the income gap exponentially. The only good thing about them--the ONLY good thing--is that they came with an expiration date. That date approaches, and none too soon.