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America, Taxes and Election 08
ResumeTreasury Secretary Hank Paulson told Congress the federal debt ceiling needs bumping over $9 trillion dollars. New health care plans are pointing to higher taxes for the high income. War costs are nearing $3 billion dollars a week.
This hour, On Point: crunch time and the unspeakable, your taxes, and the next president.Guests:
William Gale, vice president and director of economic studies at the Brookings Institution, co-director of the Tax Policy Center, and author of the forthcoming "Taxing the Future: Fiscal Policy in the Bush Administration."
Andrew Samwick, former chief economist on the staff of the President's Council of Economic Advisers, 2003-2004, and currently a professor of economics at Dartmouth College.
John Harwood, chief Washington correspondent for CNBC and a columnist at The Wall Street Journal.
This program aired on September 24, 2007.