I am not an economist, so I probably shouldn't get it, but I find the Republicans' argument for continuing the Bush era tax rates unconvincing. Tax rates were much higher in the 1950s, a period of, at least from my perspective, prosperity. They were higher during the Clinton era and we got a balanced federal budget. And during the Bush era, tax rates were lowered, the national debt grew, and the economy crashed.
So, the Republicans want us to go back there?