Political Quotes

David Price: “If you extended emergency Federal unemployment benefits, for example, for every dollar that you use for that purpose you…”

On the recordApril 30, 2003
If you extended emergency Federal unemployment benefits, for example, for every dollar that you use for that purpose you get $1.73 of economic stimulus, because these folks are going to use that extra money for the necessities of life and they are going to pour it right back into the economy. If you help State governments, for example, with their Medicaid expenses, for every dollar you put into that you get $1.24 worth of stimulus. But what about dividend tax reduction? For every dollar of revenue you lose to dividend tax reduction, the stimulative effect on the economy is all of 9 cents. Nine cents. So would the gentleman say these upper bracket tax cuts do very much to improve our economic situation?
Said by
David Price
Democratic · North Carolina

Editor's note · Context

Discussing the economic impact of tax cuts during a debate on fiscal policy.

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