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Politics : View from the Center and Left
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To: neolib who wrote (7403)12/19/2005 2:25:14 AM
From: Dale Baker  Read Replies (1) of 541674
 
That is the huge question mark about the efficacy of tax cuts, especially if they are paid for with deficit spending. They were implemented twice in a big way, both as the economy was in a recession and then as part of a deficit-stimulus package.

I have never seen an objective academic analysis about those two recoveries. Were they driven by tax cuts, interest rates, deficit spending or just the normal business cycle?

It is taken as an article of faith on the right that tax cuts are the key. I would like to see some actual proof before accepting that assumption myself.

And to place myself not too far left, I think tax cuts are great if the budget stays balanced. I benefit personally to a substantial degree. Just never works that way in practice. And I would rather have a sound national fiscal picture than a few thousand bucks more to play with that I don't really need.
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