Deficit Cutting Likely to Squeeze the Middle Class – WSJ.com

Deficit Cutting Likely to Squeeze the Middle Class – WSJ.com.

“It’s pretty clear that there isn’t enough money to just tax the rich,” says Douglas Holtz-Eakin, a Republican and also a former CBO director. “I don’t think the strategy will be let’s hammer the poor. By process of elimination, you end up touching many more Americans.”

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