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Successful businessman Steve Forbes talks about what will happen to the economy should the Bush tax cuts expire in January 2011.

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VIDEO: Forbes Says Market Would Soar if Obama Kept Bush Tax Cuts

Successful businessman Steve Forbes talks about what will happen to the economy should the Bush tax cuts expire in January 2011.

In January of 2011, President George W. Bush’s tax cuts will expire. Economists are predicting that allowing these cuts to expire could trigger a second recession, “for an administration, that for political reasons would want a vibrant economy,” said successful businessman Steve Forbes “letting the Bush tax cuts expire would be a dampener on the economy.”

But what if we kept them all in place?

“If [the Obama Administration] announced that they were going to keep those tax cuts in you would see the market go up 1500 points in a day,” said Forbes.

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Written By

Miss Oddis is Assistant Managing Editor at HUMAN EVENTS. Before working with Human Events she was a researcher for syndicated columnist and author Robert Novak. Ms. Oddis has appeared on FOX News Hannity and Colmes, and The O'Reilly Factor. She has a bachelor's degree in English from Eastern Connecticut State University. E-mail her at moddis@eaglepub.com. You can also request to follow her on Twitter.

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