The Republican Myth on Tax Cuts and the Deficit
3 Pages Posted: 25 May 2011
Date Written: May 16, 2011
In this article, I examine the impact of the Bush tax cuts on the deficit and the national debt, and Republican efforts to deny that the cuts had any effect whatsoever. Admitting that the Bush tax cuts reduced revenue and thus increased the deficit and the debt would undermine the Republican position that deficit reduction must involve only spending cuts and no tax increases of any kind.
Keywords: George W. Bush, Tax Cuts, Grover Norquist, Mitch McConnell
JEL Classification: H20, H60, K34
Suggested Citation: Suggested Citation