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Friday, December 03, 2010

BUSH TAX CUTS - TWO POINTS

One, not verified, letting the tax cuts for the rich expire on schedule provides as much deficit reduction as all of the Simpson-Bowles proposals.

Republican claims that expiration of these hurts small business hiring is a great exaggeration. Only 3% of small businesses might be affected. Also, taxes are only on profits and the decision to hire is based on expectation of increased profit, not tax rates.

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