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NY Times: Expand the Tax Cut Debate

New York Times editorial, One-Note Tax Debate:

Several tax cuts are slated to expire at the end of the year, which means that the lame-duck Congress will face several tough decisions come November. To hear campaigning lawmakers tell it, however, the only tax issue out there is whether to extend the Bush-era tax cuts for the rich. The debate and the work can’t end there.

Voters need to hear more about where their representatives stand on extending far more equitable, and economically sound, Obama-era tax cuts. Those cuts — part of the 2009 stimulus law so reviled by the Republican Party — are targeted on low- and middle-income Americans, constituencies all politicians vow to defend until it actually comes to doing it. … The country needs a full debate on all the pending tax decisions — the benefits and costs of each. If the politicians keep talking solely about tax cuts for the rich, whether for or against, everyone will be shortchanged.

(Hat Tip: Ann Murphy.)


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