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In the face of rising deficits, and questions about the future solvency of Medicare and Social Security, there are questions about the Bush tax cuts which expire in December 2010 if not renewed. With high unemployment the consensus seems to be to leave the tax cuts in place for a limited period, and have serious conversation about taxes when a new presidential term begins. A Value added Tax has been suggested by Paul Volcker, similar to that in Europe.
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
New York Times 08/21/2010
Bush Tax Cuts: Now That's Rich
New York Times 08/22/2010
Why the Rich Donât Need a Tax-Cut Extension
New York Times 09/25/2010
Tax-Cut Vote Shows Democratic Divide
Wall Street Journal 12/03/2010
New York Times 12/02/2010
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