Quote:
Originally Posted by robot_parade
I'm afraid I don't know of a source that discusses this without involving ideology and politics. My feeling is that the economy was fine after The Bush Tax Cuts went into effect, but it was also fine during the Clinton years of Evil High Taxes. The Bush Tax Cuts didn't prevent the housing bubble or the Great Recession, but they probably didn't cause the GR either. What they do contribute to is the long-run budget deficit. I don't think there's any plan that balances the budget and keeps TBTC intact. If you keep TBTC, you have to have massive cuts to medicare/medicaid, defense, or completely dismantle something like the department of education or department of transportation.
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Do you know the difference in % between the Evil Clinton tax rates and the Bush rates? Might want to Google that.
I think the TBTC might well be designed to make it necessary to dismantle things like Dept of Education and make massive spending cuts in all social programs. If that's true they worked great.