The dividing line between Republicans and Democrats is clear when it comes to tax policy. Republican presidential candidates want to extend President Bush’s tax cuts, while the leading Democrats argue for letting them expire and raising the capital gains tax. A look at how the politics are shaping up and how they might shake out in today’s economy.

Guests

  • Jason Furman economic advisor to Senator Barack Obama
  • Stephen Moore is a member of the Wall Street Journal's editorial board.

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