Wednesday, July 25, 2012
The Phony Debate Over Economic Policy
This article describes the general agreement among economists about several topics that are being debated on the campaign trail. The general public is in less agreement on these topics. Politicians, and poor reporting in the media are responsible for the confusion. Republicans are blamed for most of the confusion in the public. in this article. The economists disagree with the administration, however, on tax policy. They believe that all of the Bush tax cuts should be allowed to expire. The Obama Administration would like to retain the tax cuts for those with incomes under $250,000.
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