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Jeff Miller
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Jeff is the President of NewArc Investments Inc., manager of both individual and institutional investments. Jeff is a registered investment advisor, and portfolio manager for NewArc's investment programs. Jeff is a former college professor with a hands-on, real world attitude. His quantitative... More
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A Dash of Insight
  • Extending the Bush Tax Cuts 2 comments
    Aug 5, 2010 3:15 PM

    There has been a lot of recent discussion about the scheduled expiration of the Bush-era tax cuts.  Some have opined that concern about increases in the various rates is the most important market headwind.

    For several reasons, I think that most of the cuts will be extended.  I also posed the question to colleagues in the Kauffman survey of economic bloggers.  You can see the results and my argument here:

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  • enigmaman
    , contributor
    Comments (2869) | Send Message
    todays unemployment report is yet another nail in Obama recovery efforts coffin, I do not believe we will be hearing Geithner repeat his call for the end of the to cuts for the rich (Small Business) anytime soon, that is unless the Admin wants to insure much more market volatility as well as voter angst which will exacerbate the problems facing the Democratic party and Obama,
    so long story short "I agree with the author"
    6 Aug 2010, 02:26 PM Reply Like
  • richjoy403
    , contributor
    Comments (14054) | Send Message
    "Don't tax you...don't tax the man behind the tree!"


    Had Bush followed his tax reductions with spending reductions, we would not now be entering an explosive political confrontation just before the mid-term elections.


    However, given the facts: (a) hugh annual spending, (b) annual budget deficits, (c) new entitlement programs with fudged cost estimates, and (d) an obscene national debt owed to foreign nations and to be laid upon our grandchildren), there is no way out of our self-made mess without new revenues...and as (unfortunately) as the world owns 80% of our debt, they have the same leverage to demand higher interest rates to force us to reduce our debt as the OPEC oil cartel has to demand ever-higher prices for our adiction to oil and to influence our foreign policy.


    We must stop wishing upon a star for a magic wand to eliminate waste, fraud, and abuse--it has never happened in spite of all the commissions and lip service!


    I hate all politicians and dislike paying taxes...but I'd rather give back a portion of the Bush tax cuts than put our grandchildren's future at even greater risk.
    7 Aug 2010, 03:04 PM Reply Like
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