Greenspan: Totally Repeal the Bush Tax Cuts !

BUSINESSINTELLIGENCE August 8, 2010 |  Former US Federal Reserve Chairman Alan Greenspan is calling for the complete repeal of tax cuts made by the Bush administration, The New York Times reported Saturday.

Greenspan is raising eyebrows by calling for the rollback of all the so called Bush Tax Cuts he implicitely backed at the time, and by outdoing the White House's position on keeping tax rates steady for all but the wealthiest Americans, brushing aside the arguments that doing so could threaten the already shaky economic recovery.

Speaking in a phone interview with The New York Times, Greenspan said: “I’m in favor of tax cuts, but not with borrowed money”.
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