Brief Be Careful What You Wish For
Leonard E. Burman
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Tax cut advocates favor lower taxes and smaller government, but so far they've gotten lower taxes and bigger government. In this Marketplace commentary, Len Burman argues that the resulting deficits will translate into much higher taxes in the future, especially on those with high incomes. In the long run, they may wish they hadn't won so many legislative victories.
Research Areas Economic mobility and inequality Taxes and budgets
Tags Fiscal policy Federal budget and economy
Policy Centers Income and Benefits Policy Center