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Monday, August 02, 2010

Daniel J. Mitchell says letting the Bush tax cuts expire will hurt the economy. Arthur Laffer agrees, and salts his argument with numerous historical tidbits. On the other hand, Fareed Zakaria says we should let the cuts expire to deal with the deficit. They are all smart men. They all seem to have a handle on the facts. Or do they? Like all of these kinds of arguments, each seems to emphasize only those facts which fit their argument. In the end, I go with my gut, which tells me the people ought to keep their money, as much as possible, and the government should take as little as possible.

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