Obama tax cuts

It’s good to be back. I can report that Mesa, Ariz., is much warmer than Utah.
I can also report that Barack Obama is on the right track with his tax cut plan. At least, he’s half-way on the right track.
Obama’s people keep saying they aren’t sure whether to try to repeal the Bush tax cuts now or to just let them expire at the end of 2010. It’s clear they understand that a tax increase, any tax increase, would be a disaster in this faltering economy, but they have to continue to demonize Bush.
I wish people would examine the facts about the Bush tax cuts. For one thing, they were simply a repeal of the Clinton tax hike of 1993. For another, they ended up helping lower income people, on a percentage basis, more than the rich, as this analysis from the Cato Institute shows.
The Obama tax cuts would help the economy. So why wouldn’t repealing the Bush tax cuts hurt it?

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About the Author

Jay Evensen

Jay Evensen is the Associate Editor of the Deseret News editorial page. He has 30 years of journalism experience covering politics and a variety of other assignments at news organizations ranging from United Press International in New York City to the Las Vegas Review-Journal and the Deseret News, where he has worked for 26 years. During that time, he has won numerous local, regional and national awards. Most recently, he was given the Cameron Duncan Media Award, given annually in Washington, D.C., by the advocacy group RESULTS, to the journalist judged to have done the most to further the cause of the world's poorest people.

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