On the recordJune 6, 2012
the potential expiration of the so-called Bush tax cuts, the 2001-2003 tax cuts, is the single biggest item in the fiscal cliff
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congress.govEditor's note · Context
Bernanke discusses the significant impact of expiring tax cuts on the economy.
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The sizes of deficits and debt matter, of course, but not all tax and spending programs are created equal with respect to their effects on the economy.
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Our mandate tells us to do the best we can for employment and price stability, and we will continue to do that.
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