he U.S. economy is near a double-dip recession, economist Art Laffer said Monday on CNBC.
“We’re close — the single worst recovery of all time,” he said on “The Kudlow Report.” “If the tax increases go through to 2013, I think we fall off the cliff to be very honest with you.”
Vice President Joe Biden’s former chief economist, Jared Bernstein, had said that keeping the Bush tax cuts only for the middle class would only mean higher taxes for the top 2 percent of earners.