The boom that wasn’t: The economy has little to show for $860 billion in tax cuts

Economic Policy Institute by Lee Price | Oct. 25, 2005 (Research)

Since 2001 President Bush and congressional leaders have promised that enacting each of a series of tax cuts would strengthen the economy by bringing faster growth, more jobs, and greater investment. With Congress again debating whether to extend past tax cuts and enact new ones, it’s time to review how much the last four years of tax cuts have affected the U.S. economy and budget outlook. Unfortunately for most Americans, the tax cuts since 2001 have ... Full Story »

Posted by Kelly McBride

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Subjects: U.S., Politics, Business, Extra
Topics: U.S. Budget, U.S. Economy, Taxes, Bush Legacy
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Posted by: Posted by Kelly McBride - Aug 2, 2010 - 8:29 PM PDT
Reviewed by: Kelly McBride (review), Jon Mitchell (review), kenneth benson (review)
Content Type: Article
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Edited by: Jon Mitchell - Aug 3, 2010 - 8:40 AM PDT

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Jon Mitchell
3.9
 by Jon Mitchell - Aug. 3, 2010

Uses a variety of indicators to conclude that the tax cuts have not benefitted the economy, but the other key finding is that they didn't increase feedback tax revenue, either.

See Full Review » (10 answers)
Kelly McBride
2.6
 by Kelly McBride - Aug. 2, 2010

This article is five years old and it's reaching the same conclusions that the current articles are reaching. Because of that, I think it merits attention. That said, I've never heard of the Economic Policy Institute. Are they well respected?

Kelly posted this story.
See Full Review » (11 answers)
kenneth benson
2.0
 by kenneth benson - Aug. 4, 2010
See Full Review » (3 answers)

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  • How Much Did the Bush Tax Cuts Cost in Forgone Revenue?

    Tax Foundation | May. 26, 2010 (Research)
    Using CTJ's numbers, if one assumes that 20 percent of the tax cuts paid for themselves (overall), the non-interest cost would be approximately $1.7 trillion. If one assumes ...
    Posted by Kelly McBride
    3.3
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