In this week's Tax Policy Podcast, Tax Foundation President Scott Hodge interviews Douglas Holtz-Eakin, former Director of the Congressional Budget Office and current President of the American Action Forum, who recently testified at a Senate Finance Committee Hearing on how to address the Bush tax cuts. "Everyone knows that the U.S. has striking budget deficits and a sharp rise in debt on the horizon and in the years to come," says Holtz-Eakin, who is also a member of the Tax Foundation's Board of Directors. "That's not pro-growth. … What would pro-growth fiscal policy look like? It would be: Fix the deficits, which threaten higher interest rates or higher taxes or both. Do it by controlling spending. Maintain low and steady tax rates on the return to innovation, the return to investment, the return to competitiveness internationally. That's a pro-growth policy." View Holtz-Eakin's full testimony. For more on the expiration of the Bush tax cuts, see the Tax Foundation's Frequently Asked Questions on the Expiring Bush Tax Cuts. Listen to the full podcast here, or check out all of the Tax Foundation's Tax Policy Podcasts.
