American Morning

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September 19th, 2010
11:33 PM ET - Economists: Extend Bush tax cuts for everyone

Editor's note: Tune in Monday to American Morning at 6:00AM Eastern for a live interview with Paul LaMonica, editor-at-large for for a discussion on this article.

NEW YORK ( - With income tax rates set to go up on Dec. 31, Congress is hotly debating what to do next. But most economists agree: Keep them where they are.

One option, to let the tax cuts passed during the Bush administration expire for only the richest 3% of taxpayers while renewing them for everyone else, is popular among Democrats and the choice of the Obama administration.

But a panel of leading economists surveyed by disagreed.


Filed under: American Morning • • Economy • Tax cuts
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