President Obama’s renewed push to end Bush-era tax cuts for income over $250,000 a year has clarified the stakes of this November’s election. But if he gets his way, Obama’s plan could simultaneously allow the country to at least temporarily avoid the massive budget tightening set to occur automatically at the beginning of next year, which economists fear could lurch the country back into recession.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=97139