Sunday, April 12, 2009

McCain’s former economic adviser flips on Bush tax cuts

http://thinkprogress.org/2009/04/10/holtz-eakin-bush-tax-cuts/

Though economist Douglas Holtz-Eakin spent the 2008 presidential campaign advising Sen. John McCain to defend the Bush-era tax cuts, he now thinks they should be allowed to expire on Dec. 31, 2010 due to “the prospect of an Argentina-style fiscal meltdown.” Said Holtz-Eakin: “If you ask: ‘Who pays the taxes?’, it’s the first step toward not having the answer be: ‘Our kids.’”

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