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Looming Tax Hikes

There's been a lot of talk on the presidential campaign trail about President Obama's desire to hike taxes on the rich. What's not talked about so much is the looming hike in taxes for nearly everyone. Tax cuts enacted under President George W. Bush and President Obama are set to expire next year, including a temporary two percent payroll tax holiday. Should Congress move to extend the tax cuts? Will it? If not, how will their expiration affect the economy? Monday at 9 on the Sound of Ideas with host Mike McIntyre.

Kevin Jacques, Boynton D. Murch Chair in Finance and Associate Professor, Baldwin-Wallace University
Kathryn Lavelle, Ellen and Dixon Long Professor of World Affairs, Case Western Reserve University