Quote:
Originally Posted by Redux
You mean the Bush tax reform that was pushed through Congress through the reconciliation process: Economic Growth and Tax Reform Reconciliation Act of 2001
and
Jobs and Growth Tax Relief and Reconciliation Act of 2003 and which contributed an estimated $1+ trillion to deficits and did not result in either economic growth or jobs? |
As Warren Buffet so accurately noted, the only tax cut is one that cuts spending.
Cutting taxes (welfare to the rich) means economics takes revenge on everyone typically four and ten years later. Deja vue.