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Two members of President Obama’s Economic Recovery Board took issue with the planned tax cuts for the middle-class at Monday’s board meeting. In what resembled the more general Congressional split among the Democrats, William Donaldson, former Chairman of the Securities and Exchange Commission, and Martin Feldstein, professor of economics at Harvard, disagreed with President Obama’s plan to limit tax-cuts to only the middle-class, excluding across the board tax cuts for everyone, namely the wealthy.
