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Former Fed Chief Greenspan Favors Clinton-Era Tax Rates

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Sat, 04 Jun 11 3:18 PM | 39 view(s)
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Former Fed Chief Greenspan Favors Clinton-Era Tax Rates

By PHIL IZZO

Alan Greenspan, a high-profile proponent of President George W. Bush's tax cuts, now says the U.S.'s debt troubles have become so worrisome that he would support going back to Clinton-era tax rates.

"The fact that I'm in favor of going back to the Clinton tax structure is merely an indicator of how scared I am of this debt problem that has emerged and its order of magnitude,"

said the former chairman of the Federal Reserve in an interview Friday on CNBC.

http://online.wsj.com/article/SB10001424052702304563104576364023778365148.html?mod=googlenews_wsj

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