4/8/2008

Proposed tax increases from the Democratic presidential candidates "raise serious questions about the nation's broad fiscal policies and its commitment to economic growth," John F. Cogan and R. Glenn Hubbard write in a Wall Street Journal commentary. Both Hillary Clinton and Barack Obama want to let Bush administration tax cuts expire, which would amount to the largest income tax increase since World War II. A "tax increase is neither wise nor necessary," they said.

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