The Boom that Wasn’t – How the Bush tax cuts didn’t work

The notion of tax cuts came up in casual conversation a few days ago. While unpacking from my recent move I stumbled across an Economic Policy Institute article from 2005/2006 (Price2005_No_Boom). Long story short, tax cuts can boost an economy if directed at the middle class. However, the Bush tax cuts benefited Bill Gates much more. $860B+ in tax cuts but no economic growth to show for it. Please read the article for yourself and reach your own conclusions.

However, remember, do not cling to what you “know” because if you do, when understanding comes knocking at your door you will not answer. Then what are you clinging to? Continually update your understanding my friends…

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