According to Mark Warner, "This basically takes a traditional Washington approach of, 'Let's add to the deficit and kick the can down the road.'" I tend to agree. What's the overall strategy here? How do we reconcile the deficit commission's work with extending the unaffordable Bush tax cuts? As for short-term "stimulus," again I'm not a huge fan if it's just scattershot, throw a few dollars here and there. On the other hand, if it's serious reinvestment in our nation's crumbling infrastructure, in a clean energy economy, etc., that's a completely different story. And, of course, any tax cuts need to be progressive, not regressive, as the Bush tax cuts for the wealthiest Americans most certainly are (not to mention the estate tax, which is the most progressive tax ever invented and should have its rates raised significantly, not lowered).
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