Here's Austan Goolsbee's explanation of the difference between President Obama's and the Republicans' ideas for how to deal with the expiring tax cuts (2 minutes). Republicans are trying to frame it as "raising taxes." President Obama is focused on maintaining all the cuts for lower 95% and going back to something closer to the Clinton-era rates for the top 5% (making over $250,000 per year). Goolsbee's appearance on the Colbert Report helped get this chart to a bigger audience.
http://www.whitehouse.gov/blog/2010/09/29/white-house-white-board-cea-chair-austan-goolsbee-explains-tax-cut-fight
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Check out this analysis of whether the Bush tax cuts were good for growth:
http://economix.blogs.nytimes.com/2010/11/18/were-the-bush-tax-cuts-good-for-growth/?src=me&ref=business
Let's not make a deal--even Krugman says it's better to draw a line in the sand:
http://www.nytimes.com/2010/12/06/opinion/06krugman.html?_r=1&src=ISMR_HP_LO_MST_FB
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