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Did Tax Cuts Grow The Economy?

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Did Tax Cuts Grow The Economy?

Post by Guest on Mon Apr 18, 2011 11:33 am

Science describes, ideology prescribes. The scientist looks at what actually happenings and tries to describe it. The ideologue says, "If only people would do so-and-so then such-and-such would happen." Conservative ideology says, "taxes take money out of the economy," and "people won't work if they are taxed," "businesses will hire more people if their taxes are cut," and "government is standing in the way of job-creation."

Science looks at the effect of tax cuts on growth in the past, and over time. Then policy can realistically be adjusted for the best outcome. Since 1980 we have cut taxes a lot, then raised them, then cut them. Did the cuts result in economic growth, and did increases result in recessions?


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