Congressional Democrats’ Adviser Joins Call for Regime Certainty
Notice: Function coauthors_posts_links_single was called incorrectly. Invalid author object used Please see Debugging in WordPress for more information. (This message was added in version 3.2.) in /mnt/stor3-wc2-dfw1/509309/blogtest2.independent.org/web/content/wp-includes/functions.php on line 6078
Notice: Trying to get property 'user_login' of non-object in /mnt/stor3-wc2-dfw1/509309/blogtest2.independent.org/web/content/wp-content/plugins/co-authors-plus/template-tags.php on line 129
• Wednesday, September 8, 2010
Joining the growing tide of those calling for an end to federal regime uncertainty, Moody’s economist Mark Zandi, a frequent adviser to Congressional Democrats, on CBS’s “Face the Nation” on the importance of quickly extending the tax cuts scheduled to expire at year end:
I wouldn’t raise anyone’s taxes in 2011. I mean, I think the recovery is just too fragile and we can’t take that chance. . . . In my view, the reason why businesses aren’t hiring—the key reason is because of a lack of confidence. They’re just nervous, flat out nervous. And we have to provide some certainty in [taxation]. From an economic perspective, the sooner the better.
As cited in today’s Wall Street Journal.