America, Taxes and Election 08

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Death and taxes are the two sure things, they say. In the last week, the storm's been brewing on the tax front. Former Fed chair Alan Greenspan re-emerged to say he never meant to sanction all of George W. Bush's big tax cuts and the GOP-led spending that rolled right on.

Treasury 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.


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