Conservative Myth
I have recently discovered the excellent Center on Budget and Policy Priorities and the numerous reports they publish on their website.
One that I read the other day finally put to bed the myth that Bush's 'supply side' tax cuts would actually grow the economy better than the previous arrangement.
Read the report here:
http://www.cbpp.org/3-8-06tax.htm
Ultimately it suggests what common sense tells us is true: that cutting the money supply to the government does not bring in more money by stimulating economic growth. In fact, the report finds evidence that it may actually retard growth.
Clearly fiscal conservatives won't let anything as flimsy as empirical evidence prevent them from continuing to propagate this myth, I'm sure.
And I'm sure that it's only a coincidence that the economic plan that they feel is best for the country is also the one that cuts their own taxes.
One that I read the other day finally put to bed the myth that Bush's 'supply side' tax cuts would actually grow the economy better than the previous arrangement.
Read the report here:
http://www.cbpp.org/3-8-06tax.htm
Ultimately it suggests what common sense tells us is true: that cutting the money supply to the government does not bring in more money by stimulating economic growth. In fact, the report finds evidence that it may actually retard growth.
Clearly fiscal conservatives won't let anything as flimsy as empirical evidence prevent them from continuing to propagate this myth, I'm sure.
And I'm sure that it's only a coincidence that the economic plan that they feel is best for the country is also the one that cuts their own taxes.
posted by Sparx at 07:30
0 Comments:
Post a Comment
<< Home