The Importance of Not Raising Taxes

Sep 8, 2010

The WSJ finds Mark Zandi Notable & Quotable:

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.

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