economistsview.typepad.com - 1/26/2009
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Larry Mishel on the effect, or more precisely the lack of effect, of the 2003
tax cuts on "Jobs and Growth":
Tax cut approach has already been tried and failed as stimulus :...[The
administration claimed t]he Bush tax cuts of 2003 ... would generate 1.4 million
jobs on top ...
economistsview.typepad.com - 1/22/2009
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economistsview.typepad.com —
Tax cuts won't build schools, or any other
public good. And right now, with so much of...
our infrastructure in need of attention, we need public goods. We tried the tax cut approach to stimulating the economy once, we had no choice since Bush and the ...
(more)
Tax Cuts, Government Spending, Public Goods, and the ...
epi.org - 1/25/2009
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epi.org —
By Lawrence Mishel When it comes to reviving
the economy, tax cuts do not work as well...
as smart public spending. That is economic common sense proven true by the past two attempts at tax-cut stimulus, in 2008 and in 2003-04. And yet, incredibly, we ...
(more)
Tax cut approach has already been tried and failed as ...
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The Fiscal Policy Debate Today on the Sunday Talkies – Who Listens to Economists?
EconoSpeak —
... and said: In an appearance on Fox News Sunday, John McCain said he won't vote for President Obama's stimulus package as it stands now. McCain said there need to be more tax cuts for businesses, payroll tax cuts, and for existing tax cuts to be made permanent: " Well, the plan was written by the majority in -- a Democrat majority in the House, primarily. And so, yeah, I think there has to be major rewrites if we want to stimulate the economy." Mark Thoma brings us a piece by Larry Mishel that basically says McCain and his Republicans ...
The Effects Of The 2003 Tax Cuts
Stefan Karlsson's blog —
Mark Thoma reports about a study about the 2003 Bush tax cuts from the Economic Policy Institute, which (much like Thoma) is leftist. The conclusion, not surprisingly, is that the tax cuts failed to generate growth The argument that the tax cuts failed to generate growth is made on the basis of comparing actual job growth with an old forecast of job growth. Since actual job growth was lower than the forecast, this supposedly proves that it failed. Yet if you actually look at the chart all it proves is the uselessness of these forecasters since they predicted ...
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Wrong Harry —
The Big Money
President Obama's $825 billion economic-stimulus package needs a lot less PWA and a lot more CWA.
The PWA was the Public Works Administration, led by Harold Ickes Sr. The CWA was the Civil Works Administration, led by Harry Hopkins. Both were ...
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