Extend or expire? Debating the Bush tax cuts
President Obama wants to extend the Bush-era tax cuts for everyone except the wealthiest 2 percent, but Republicans and some moderate Democrats argue that a tax increase on wealthy Americans will further weaken the economy. Members of both parties know their position on the issue could have an impact in November.
- Chuck Marr: Director of federal tax policy at the Center on Budget and Policy Priorities.
- Chris Edwards: Director of tax policy studies at the Cato Institute.