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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (261450)7/16/2010 3:01:00 PM
From: Les HRead Replies (1) of 306849
 
Bush's 2001 tax cuts should expire at year's end, Greenspan says

Former Federal Reserve chairman Alan Greenspan, whose endorsement of George W. Bush's 2001 tax cuts helped persuade Congress to pass them, said lawmakers should allow the cuts to expire at the end of the year. "They should follow the law and let them lapse," Mr. Greenspan, right, said. Mr. Greenspan's comments place him in the middle of an election-year struggle over extending trillions of dollars of tax cuts enacted under Mr. Bush. U.S. President Barack Obama campaigned for election in 2008 on a promise of extending the Bush tax reductions for families earning up to $250,000 while eliminating the cuts for higher-income Americans, a position also embraced by most congressional Democrats. Republicans have pressed for continuing the cuts for higher-income families, arguing that a weak economy is no time for a tax increase.

nationalpost.com
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