Were the Bush Tax Cuts Good for Growth?

Discussion in 'Economy' started by Toro, Nov 25, 2010.

  1. Toro
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    Toro Diamond Member

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    I believe the author of this article makes a common mistake most people make. He assumes that the outcome is evidence of the hypothesis when in fact the conclusion must include what would have occurred had the tax cuts not taken place. Econometrics attempts to isolate variables to answer this question. The author may be correct, I don't know, though I suspect that growth would have been lower had the Bush tax cuts not been implemented.

    However, he does lay out the data.

    Were the Bush Tax Cuts Good for Growth? - NYTimes.com
     
  2. ajwar
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    ajwar Rookie

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    The data does not lie. The tax cuts were a costly, shallowy thought-out solution for the economic problems that existed immediately following 9/11. I really wish people would stop being afraid of taxes. Revenue from taxes go to funding higher education, building roads and protecting our borders (amongst other benefits). Because of this extension, the average working taxpayer will get to keep a whopping $50 (rough estimate) in their paycheck. Is this really worth the price tag associated with this extension for the betterment of the health of our national economy?
     
  3. uscitizen
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    uscitizen Senior Member

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    Lets not forget the nearly 5 trillion in excess spending / debt that Bush did.
    It had to cause some economic growth.
     
  4. Revere
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    Revere BANNED

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    Hmm. Kennedy's tax cuts created growth. So did Reagan's. So did Clinton's Republican budgets.

    I'd say Bush's record is pretty good for wartime.
     
  5. Truthmatters
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    Truthmatters BANNED

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    Bullshit.

    Remember your meme that WWII saved the US economy and not the new deal?

    You cant even keep the republican lies straight
     
  6. uscitizen
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    uscitizen Senior Member

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    The new deal helped us to win WW2.
    The electricity from new deal hydro projects was used to refine aluminum and uranium.
    And many more aspects as well. Roads to transport war materials on, etc.
     
  7. loosecannon
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    loosecannon Senior Member

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    that's all bullshit. You assume the idiotic, which is that tax rates were the sole causative driver of the economy.
     
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  8. loosecannon
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    loosecannon Senior Member

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    WWII did end the G Depression. Or rather the full employment of total war.
     
  9. uscitizen
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    uscitizen Senior Member

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    actually more than full employment. Women entered the labor force in significant numbers for the first time.
     
  10. Truthmatters
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    Then how could the revere idea that war hurts the economy be right?
     

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