Patrick Knudsen

Patrick Knudsen

Heritage Foundation economist Patrick Knudsen explains what Congress should do to solve the “fiscal cliff,” the massive tax hikes and defense spending cuts coming in January.

  • Preclude the huge tax hike known as Taxmageddon;
  • Prevent the reckless, automatic defense cuts, preferably by choosing alternative savings;
  • Renounce any other tax increases;
  • Resist the temptation to conjure further ad hoc budget schemes and grand bargains; and
  • Return as soon as possible to the regular practice of congressional budgeting.

What ideas do you have?

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