Peter Orszag may be geeky cute, but come on, really? And saying this now will help what again?
In a break with the White House, Peter Orszag, the former director of the Office of Management and Budget (OMB), recommended Tuesday that Congress extend the expiring Bush tax cuts for two years, then do away with them altogether.
In a column for The New York Times, Orszag argues extending all the cuts would help the struggling jobs market, which he dubs a "painful jobs deficit," but that letting all of them expire in two years would help bring down the federal budget deficit.
President Obama wants to extend the cuts for those making under $200,000 and families making under $250,000. Sounds reasonable to me.
Vice President Joe Biden recently said the GOP's arguments for extending all the cuts are "a bunch of malarkey."
And then there's that cut in payroll taxes thing.
UPDATE: Title edited. See Balloon Juice for the reason. (H/t: HBK112 )
The post Orszag, Bush tax cuts: UPDATED appeared first on The Political Carnival.
