DEALING with our nation's gaping budget deficit is going to hurt. So here is a question for policy makers: What would hurt more, raising taxes or reducing spending? The Republicans who walked out of budget negotiations the other week think they know the answer. They insist that higher taxes would threaten our fragile economic recovery and do serious long-term damage. Better to cut federal spending, they say. President Obama pressured Republicans last week to accept higher taxes, in addition to reduced spending, as part of a plan to pare the deficit. The economic...
Source: http://www.realclearpolitics.com/2011/07/03/tax_hikes_should_be_part_of_budget_plan_258595.html
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