After a round of interviews on weekend talk shows, President Obama's top economic advisors left open the possibility of increased income taxes for middle class Americans. Treasury Secretary Timothy F. Geithner and National Economic Council Director Larry H. Summers refused to rule out the possibility of a middle class tax hike to reconcile the budget deficit, despite Obama's campaign promise not to raise any taxes for those making less than $250,000 per year. Are new taxes in store? Will higher income taxes slow economic recovery?

Guest:

Roberton Williams, Senior Fellow at the Tax Policy Center