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Politics : View from the Center and Left

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From: Dale Baker	4/24/2006 1:27:24 PM
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"Some right-wingers in Congress claim that PayGo is not needed for tax legislation since, supposedly, "tax cuts pay for themselves." Despite their insistence, there is ample evidence and general expert agreement that they do not. (Fed Chair Bernanke recently wrote that "under normal conditions, tax cuts do not wholly pay for themselves.") The Right's rhetorical flourish is the fiscal equivalent of the used-car salesman's pitch: "the more you spend the more you save!" John S. Irons, Ph.D., is the director of Tax and Budget Policy at the Center for American Progress.

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