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Make the Tax Cuts Work

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Publication Date: January 2008

Publisher(s): Tax Policy Center

Author(s): Leonard E. Burman

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Banking and finance (Taxation and tax policy)

Keywords: Economy; Federal Budgets & Fiscal Policy; Tax Policy; Taxes, the Budget, and the Economy

Type: Report

Abstract:

New York Times, January 23, 2008 - Since 2001, official Washington's answer to every policy question has been the same. What should we do with a big surplus? Tax cuts. How do we beat back global terrorism? Tax cuts. Increase energy independence? Rebuild New Orleans? Expand health insurance coverage? Tax cuts, tax cuts, tax cuts. Now comes another question to which taxes have long been at least part of the answer. How do we stimulate the economy to prevent or shorten a recession?