Word: taxed
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TIME: Could you make some suggestions as to how to avoid these issues? Sunsetting tax provisions--is that...
WYSS: I'll give you 10 to 1, there will be a tax increase by the end of the decade...
...tax cuts have only been in effect for a couple of months. Forecasts for growth in the second half are very strong. There's historically a very strong correlation between growth in real GDP and developments in the labor market...
...make the tax cuts permanent...
There's a very important long-run supply-side effect of tax cuts--to improve the incentive for work, for capital accumulation. Those long-run effects only occur if people expect these tax cuts to be permanent...