Chuck Marr: No Economic Basis for Holding Middle-Class Tax Cuts Hostage to Tax Cuts for Wealthy

Extending most expiring tax cuts other than President Bush's high-income tax cuts would boost gross domestic product (GDP) by a significant 1.3 percent next year, a new Congressional Budget Office (CBO) report finds, while extending the high-income tax cuts would do very little to support the recovery, boosting GDP by just 0.1 percent (see chart).