PLEDGE NOW
Are Higher Taxes in Our Future?

Flickr/David Reber's Hammer Photography

Tax day, April 15th, is upon us now.

It’s never fun preparing or paying. But it’s the price we pay for all we share. 

That price may be going up – substantially and soon. 

America’s deficit has grown so large that talk of higher taxes is all over the place now. Letting old tax cuts lapse. Bringing in new taxes. Maybe a “V.A.T.” – a “value added tax – on everything we buy. 

Former Fed chief under Ronald Reagan, Paul Volcker, is saying if we need it, we need it.  

This Hour, On Point:  Are we going to have to pay up to bring down the deficit? Are higher American taxes now inevitable?

Guests:

Bill Frenzel, scholar of economic studies at the Brookings Institution and a former Republican Congressman from Minnesota. He advised President George W. Bush on social security and taxes.

Alan Auerbach, professor of economics and law – and director of the Burch Center for Tax Policy and Public Finance – at U.C. Berkeley. He served as deputy chief-of-staff of the U.S. Joint Committee on Taxation in 1992.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Sep 4, 2015
A paramilitary police officer carries the lifeless body of a migrant child after a number of migrants died and a smaller number were reported missing after boats carrying them to the Greek island of Kos capsized, near the Turkish resort of Bodrum early Wednesday, Sept. 2, 2015. (DHA/AP)

Migrant crisis in Europe. The Iran deal, cleared. A Kentucky clerk and gay marriage. Our weekly news roundtable goes behind the headlines.

Sep 4, 2015
Serena Williams reacts after winning a point against Kiki Bertens, of the Netherlands, during the second round of the U.S. Open tennis tournament, Wednesday, Sept. 2, 2015. (Charles Krupa/AP)

Serena Williams. The undisputed queen of tennis, and what she’s meant in sports and beyond.

RECENT
SHOWS
Sep 3, 2015
Journalists protest the murder of photojournalist Ruben Espinosa Becerril in Mexico City, on Aug. 2, 2015. (Marco Ugarte/AP)

Three Vice News journalists arrested in Turkey. A wave of journalists in prison. In graves. We’ll look at journalists worldwide under pressure.

 
Sep 3, 2015
A television screen on the floor of the New York Stock Exchange shows the decision of the Federal Reserve, on July 29, 2015. The Federal Reserve may raise interest rates soon. (Richard Drew/AP)

Should the Fed finally raise interest rates? In spite of the stock market roller coaster? We’ll dig into the Fed weighing the end of free money.

On Point Blog
On Point Blog
Martin O’Malley On The ‘Rigged’ Democratic Debates, And What America Needs
Wednesday, Sep 2, 2015

Former Baltimore mayor and Democratic Maryland governor Martin O’Malley has single digits in the polls in Iowa but is out there swinging. He joined host Tom Ashbrook on Wednesday.

More »
3 Comments
 
Our Week In The Web: August 28, 2015
Friday, Aug 28, 2015

You say #hashtag, we say, #forwhat? That, plus Usain Bolt and the ominous lurking Segway cameraman. Friday!

More »
Comment
 
Our Week In The Web: August 21, 2015
Friday, Aug 21, 2015

Do you even click? (And other reflections on link sharing and web commenting).

More »
6 Comments