Ten Myths About the Bush Tax Cuts


 

Publication Date: January 2007

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Brian M. Riedl

Research Area: Banking and finance; Economics

Keywords: Taxes; 110th Congress

Type: Report

Coverage: United States

Abstract:

The 110th Congress must decide whether to write a budget extending, expiring, or repealing the Bush tax cuts. Repealing the Bush tax cuts would not significantly increase revenues. It would, however, decrease investment, reduce work incentives, stifle entrepreneurialism, and reduce economic growth. Lawmakers should remember that America cannot tax itself to prosperity.