The Cato Institute's Daniel Mitchell is more skeptical than I am of the plan by the co-chairmen of the Obama deficit reduction commission, saying that the spending cuts are fake while the tax increases are real: "the Fiscal Commission is asking us to pay higher taxes so that government spending can grow at twice the rate of inflation. That's not a good deal." See also the comment in the comment string by the estimable Arnold Kling, who disagrees with Mr. Mitchell.
Daniel Mitchell on the Deficit Commission
https://www.futureofcapitalism.com/2010/11/daniel-mitchell-on-the-deficit-commission
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by Ira Stoll | Related Topics: Non-Profits, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list