Political science’s Kathryn Lavelle discusses looming tax hikes

Looming tax hikes

ideastream: Tax cuts enacted under Presidents George W. Bush and Barack Obama are set to expire next year, including a temporary 2 percent payroll tax holiday. Kathryn Lavelle, the Ellen and Dixon Long Professor of World Affairs, joined The Sound of Ideas to discuss whether Congress will—or should—extend the tax cuts, and how the cuts’ potential expiration could affect the economy.