The Daily Interview: The Downside of the Tax-Cut Deal

The proposed $1.35 trillion tax cut that President Bush and Congressional leaders agreed to Wednesday has many investors cheering.

Kenneth Thomas Lecturer, Wharton Business School

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But Kenneth Thomas, a lecturer at Wharton Business School, thinks that there is a downside to the cut, which is to be distributed over the next 11 years and would include a $100 billion tax rebate this year. ...