As Ross Douthat, and Bill Kristol noted over the weekend, few tax cuts help the middle class more than the extension of the payroll tax cut.
The extension was missing on the list of important tax cuts named by the White House White House this morning in a report on the economic impact of tax hikes for the middle class.
The report was co-authored by Alan B. Krueger the Chairman of President Barack Obama’s Council of Economic Advisers.
When Krueger was asked by reporters about the issue in today’s White House press briefing, Krueger would only admit that the initial tax cut was successful economically.
Rather than explaining why it wasn’t on his list, Krueger only added that that President Obama thought it “should be on the table.”