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Politics : View from the Center and Left

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To: Bearcatbob who wrote (60155)	4/19/2008 9:31:34 PM
From: Katelew	Read Replies (1) of 543411

Bob, at least three times I've heard Bernanke in his congressional testimony say that "we now know that tax cuts do not pay for themselves in economic growth". He was responding to the question of whether the govt. should be cutting taxes to stimulate growth. The clear implication was that such cuts lead to budget deficits. I was impressed by this. Bernanke should know, he has the necessary data and would surely support tax cuts if they actually did improve economic performance, don't you think? His job and reputation is tied to helping the economy along.

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