“Congress Revisits The Bush Tax Cuts: Who Should Pay Taxes, and How Much?” was the title of the October 27 NYU Law Forum, at which panelists took on one of the most intractable issues in U.S. politics. Experts on the left and right agree that the country is on an unsustainable fiscal path, yet the only debate between Democrats and Republicans regarding the expiring Bush era tax cuts is whether to repeal those cuts for the very highest income tax bracket. Will this work as a long-term answer? What about the mushrooming budget deficit? Or income inequality? Jacob D. Fuchsberg Professor of Law Barry Friedman moderated a discussion that took on these and other questions. Panelists were Diane Lim Rogers, chief economist of the Concord Coalition; Daniel Shaviro, Wayne Perry Professor of Taxation, and Alan Viard, a resident scholar at the American Enterprise Institute.

Watch the full panel discussion (1 hr 13 min):

Posted October 29, 2010