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Obama Shouldn't Cave to the Right on Tax Cuts
The lesson of the Bush era is that relying on tax cuts as the centerpiece -- often the only piece -- of economic policy is just plain bad policy.
Obama Shouldn't Cave to the Right on Tax Cuts
Is Obama relying too much on tax cuts?
krugman.blogs.nytimes.com — I don't know yet. But news reports this morning certainly raise questions. Let's lay out the basics here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government ... (more) Is Obama relying too much on tax cuts?
Obama Plan Includes $300 Billion in Tax Cuts
Obama Plan Includes $300 Billion in Tax Cuts
nytimes.com — Tax cuts for workers and businesses are nods to critics worried that the economic recovery program has been too focused on government spending, advisers said. > (more) Obama Plan Includes $300 Billion in Tax Cuts
Obama plans to unveil big tax cuts
politico.com — President-elect Obama plans to propose huge tax cuts for businesses and middle-class workers that will total about 40 percent of the package. (more) Obama plans to unveil big tax cuts
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Obama Shouldn’t Cave to the Right on Tax Cuts
The Hollywood LiberalObama Shouldn’t Cave to the Right on Tax Cuts WASHINGTON — Of all the ailments sapping the U.S. economy, failure to cut taxes isn’t one of them. The Bush administration has been an extravagant orgy of tax-cutting. Taxes were cut in 2001 by $1.35 trillion over 10 years. In 2003 they were reduced by another $350 billion. Tax cuts came again in 2004 ($146 billion) and, for good measure, in 2006 ($142 billion). ...

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