Why The Bush Tax Hikes Are Inevitable

Donald Marron spells out the math:

The Congressional Budget Office estimates that tax revenues will
from 14.9% of GDP in 2010 to 20.7% in 2020 and 23.3% in 2035 if
law remains in place...

That rapid growth reflects six factors. First, the economy will recover, lifting revenues from currentlydepressed levels. Second, the 2001 and 2003 tax cuts will expire, aswill tax cuts enacted in the 2009 stimulus. Third, the AlternativeMinimum Tax, which is not indexed for inflation, will...