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December 30, 2012

Too Much Wishful Thinking on Middle-Class Taxes

Gregory Mankiw, New York Times

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In the continuing fiscal negotiations between President Obama and House Republicans, both sides have, from the very beginning, agreed on one point: Taxes on the middle class must not rise. But maybe it’s time to reconsider this premise. An unwavering commitment to keep middle-class taxes low could be one reason the political process has become so deeply dysfunctional.

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TAGGED: Gregory Mankiw, Taxes, Middle Class, Fiscal Cliff

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