A majority of economists surveyed by the National Association for Business Economics claims the U.S. needs to solve its deficit issues through a combination of tax increases and spending cuts.
Dow Jones reported on the survey Monday, saying the majority of the surveyed economists want payroll taxes extended, along with marginal income tax rates and rates for dividends and capital gains.
However, the extensions should only last through 2013, the survey suggested. By 2014, they believe it will be time to cut back on tax breaks and collect more revenue.
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