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Tax cuts debate split over economy and deficits
Economists weigh three paths for Bush era tax cuts amid a fragile recovery. Option One raises high earners’ rates permanently for others, option two extends higher earners briefly, option three makes all cuts permanent. Moody’s analysis shows differing GDP growth, unemployment, and deficits for 2011 under each plan.
MENTIONED IN THIS ARTICLE
Washington
George W. Bush
Congress
Moody’s
Barack Obama
Obama
White House
Moody’s Analytics
Congressional Budget Office
Mark Zandi