Obama Economic Advisor Says Keeping Taxes Low Spurs Economic Growth, Leads to More Tax Revenue | CNSnews.com: "Washington (CNSNews.com) – In an unusual argument from a Democratic administration, the director of President Obama’s National Economic Council, Larry Summers, contended Wednesday that a deal with Congressional leaders to keep taxes low for another two years will not only jumpstart the economy but increase government revenue in the long run.
Summers said failure to pass the legislation – criticized by both Democrats and Republicans in Congress – could significantly increase the likelihood of a double-dip recession."
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