A Real Debate on Spending
Kathryn Nix /
In a recent editorial somewhat misleadingly entitled “A Real Debate on Taxes,” The New York Times argues in favor of allowing the 2001 and 2003 tax cuts to expire for Americans of all income levels.
Their argument presents a few fatal flaws. First, a real debate on taxes is also a real debate on the current and projected skyrocketing levels of federal spending. Instead, the Times asserts that “more Americans—and not just the rich—are going to have to pay more taxes” in order to address looming deficits. The Times may prefer that taxes rise broadly, but there’s nothing at all necessary or inevitable about this. (more…)