Capital Gains and Games

The Washington Post had an interesting article yesterday by Lori Montgomery that asks the right question: given the real budget outlook, the AMT and expiring tax cut trains coming down the track, and the cost of what's being proposed, should anyone take what the presidential candidates are saying seriously?

CG&G's own Pete Davis has been on top of this issue for some time (see here, and here).  Our own Andrew Samwick has been writing about it even longer.  And I'll have a piece this Tuesday on what to expect budgetwise from whoever gets elected.

But in the meantime, the Post story is definitely worth a few minutes of your time.

Wait, There's More: Here's what one of my favorite bloggers -- Economist Mom -- had to say about the Post story