A boost for the managed economy

posted by
December 19, 2010
Foundation for Economic Education
by Sheldon Richman  
Posted in Commentary

"Nowhere is it easier to miss the forest for the trees than in discussions of government policy. For the past week the media have been saturated with debates over the 'compromise' tax package agreed to by Barack Obama and congressional Republicans. The package passed by the House and Senate includes a two-year extension of the Bush-era tax-rate cuts, a two-point reduction in the employee’s share of the Social Security and Medicare payroll tax, and a 35 percent estate tax beginning at $5 million for an individual and $10 million for a couple (up from the current zero rate and heading off the scheduled 55 percent beginning at $1 million)." (12/17/10)



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