Feldstein: We Should Commit Now to Two Years

Martin Feldstein

Harvard University economics professor Martin Feldstein said raising taxes on the wealthiest Americans could push the nation back into a recession and urged that all Bush-era tax cuts be extended for two years. Feldstein, a member of the committee that dates the beginning and end of recessions, said President Barack Obama’s proposal to allow tax cuts for the wealthy to lapse “is going to slow the economy down and could push the economy into recession again next year.” “We should extend all of the Bush tax cuts for two years and we will have a clean slate and see where the economy is,” Feldstein said today in a radio interview on “Bloomberg Surveillance” with Tom Keene. “We should commit now to two years -- and nothing beyond the two years.” Read more here:

Feldstein: We Should Commit Now to Two Years