Greg Mankiw highlighted the WSJ economist survey — 70% in favor of all tax cuts is very encouraging. Unfortunately that is not government policy:
This seems to be the economic policy question of the hour. It might be worth recalling that last month, the Wall Street Journal polled economists about this question. Of those who expressed an opinion, here are the results:
- 6 percent said no, all the tax cuts should be allowed to expire,
- 24 percent said yes, but only for those making less than $250,000 a year,
- 70 percent said that all the tax cuts should be extended.