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Publication Date: January 2008
Publisher: Tax Policy Center
Author(s): Leonard E. Burman
Research Area: Banking and finance
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?