{"id":409339,"date":"2010-03-09T10:18:48","date_gmt":"2010-03-09T15:18:48","guid":{"rendered":"http:\/\/www.theatlantic.com\/business\/archive\/2010\/03\/get-used-to-it-taxes-are-going-up\/37222\/?rss=37222"},"modified":"2010-03-09T10:18:48","modified_gmt":"2010-03-09T15:18:48","slug":"get-used-to-it-taxes-are-going-up","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/409339","title":{"rendered":"Get Used To It: Taxes Are Going Up"},"content":{"rendered":"

Sooner or later the country will have to start discussing how to raise taxes–not by a little, but by a lot. Spending cuts will be needed too, of course, in Medicare, and in Social Security. But these cannot close the long-term fiscal gap by themselves. In this new column for National Journal<\/a>, I spell out what it is going to take: some combination of a carbon tax, a broadening of the income-tax base, and a VAT. Yes, it’s unthinkable. Nonetheless, it’s coming.<\/p>\n

My new column for the Financial Times<\/a> also looks at fiscal policy, concentrating on the efficacy of the Recovery Act. It worked, I argue. We would have been much worse off without it. But it would have worked better if, among other things, a credible plan for long-term fiscal consolidation had been included up-front.


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Sooner or later the country will have to start discussing how to raise taxes–not by a little, but by a lot. Spending cuts will be needed too, of course, in Medicare, and in Social Security. But these cannot close the long-term fiscal gap by themselves. In this new column for National Journal, I spell out […]<\/p>\n","protected":false},"author":5958,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-409339","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/409339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5958"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=409339"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/409339\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=409339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=409339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=409339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}