You may be interested in a WSJ article that I wrote making the case for
keeping the current tax rates for the next two years but not extending any
of the current rates beyond two years. I think the economy is too fragile
for a tax increase now but the long term deficits are too big to commit now
to permanently lower rates after two years
The article is available at http://www.nber.org/feldstein/wsj05122010.pdf
Marty Feldstein
Received on Wed May 12 2010 - 21:28:37 EDT