President’s Expected Push To Make Tax Cuts Permanent Is Irresponsible Fiscal And Economic Policy

Source: Aviva Aron-Dine, Center on Budget and Policy Priorities, January 28, 2008

In his State of the Union address this evening, President Bush is expected to renew his push to make his signature tax cuts permanent. In recent weeks, Administration officials have offered three major arguments for this policy — (1) the tax cuts yielded strong economic growth over the past few years, (2) extending them would help the economy overcome its current weakness, and (3) extending them would improve the economy’s performance over the long run. None of these claims bears up well under scrutiny.

Leave a Reply