Congressional Democrats’ Adviser Joins Call for Regime Certainty
Joining the growing tide of those calling for an end to federal regime uncertainty, Moody’s economist Mark Zandi, a frequent adviser to Congressional Democrats, on CBS’s “Face the Nation” on the importance of quickly extending the tax cuts scheduled to expire at year end:
I wouldn’t raise anyone’s taxes in 2011. I mean, I think the recovery is just too fragile and we can’t take that chance. . . . In my view, the reason why businesses aren’t hiring—the key reason is because of a lack of confidence. They’re just nervous, flat out nervous. And we have to provide some certainty in [taxation]. From an economic perspective, the sooner the better.
As cited in today’s Wall Street Journal.