Paul Ryan budget: Does it show why we need to raise taxes?

Commentary about business and finance.
April 6 2011 6:35 PM

Taxing Our Patience

Paul Ryan's budget plan shows why we need to raise taxes, not cut them. 

(Continued from Page 1)

The fiscally responsible choice is to raise taxes while also reforming entitlements, as any of the half-dozen more feasible and less cruel plans floating around do. (Just letting the Bush tax cuts expire—which would require no congressional action at all—would be a good start.) They might not be as bold. But they don't require magical thinking to make it all add up.