Digging a hole

By Geraldine Sealey
February 26, 2004 10:40PM (UTC)
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Maybe it doesn't take professional economists to draw the conclusion that Bush's proposal to make tax cuts for the wealthy a permanent state of affairs isn't the brightest idea in this time of massive deficits. But two Brookings Institution scholars have released a paper laying out the experts' argument against Bush's plan. "Making the tax cuts permanent would be regressive and would dig a fiscal hole over the next 75 years that is as big as the combined Social Security and Medicare trust fund shortfalls over the same period," they say.

Geraldine Sealey

Geraldine Sealey is senior news editor at Salon.com.

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