'Hurt Quite a Lot'

CONVERSATION AIR DATE: Sept. 29, 2010 Former Labor Secretary Reich: Bush-Era Tax Cuts 'Hurt Quite a Lot'

SUMMARY

In the last of the series of conversations about whether to extend Bush-era tax cuts for any, all or some Americans, Robert Reich, who served as secretary of labor in the Clinton administration, explains why he believes they should not be extended.

Transcript

JEFFREY BROWN: And to the last in our series of conversations about whether to extend the Bush-era tax cuts. We have heard a range of views from economists Glenn Hubbard and Laura Tyson, as well as former Fed Chairman Alan Greenspan.

Tonight, we turn to Robert Reich, professor of public policy at the University of California, Berkeley. He served as labor secretary in the Clinton administration. His new book is "Aftershock: The Next Economy and America's Future." Welcome to you. {Continued}