Courier, Express, and Postal Observer--Currently there is a major argument over whether the Bush tax cuts should be extended for those earning high incomes. The argument is being fought on traditional left-right, Democratic-Republican lines.

While some argue that raising rates on the highest earners will hurt job creation, I am not persuaded by that argument for three reasons. First, it is not clear that the increase in marginal rates will affect the willingness high-income earners to work especially when individuals face real concerns about the risks they face in order to generate income now until they retire. Read more!
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