Another Tax Increaser on the Right
26th March 2010
We’ve been tracking the increased openness on the center-right to new or increased federal taxes: David Brooks, Glenn Hubbard, Karl Rove, Tyler Cowen, Greg Mankiw. The latest example comes in the new Spring issue of National Affairs, which bills itself as the successor to Irving Kristol’s Public Interest. There, Donald Marron, who served on President George W. Bush’s Council of Economic Advisers (as did Professor Hubbard and Professor Mankiw), writes: “No one solution — not economic growth, not tax increases, and not spending reductions — can get us to our goal. To put ourselves on a sustainable fiscal trajectory, we will need to use all the measures at our disposal.” Or, to be more blunt: “some tax increases will almost certainly be required.”
An ugly trend.