On the recordFebruary 1, 2012
I do not think many people, including many good friends of mine on both sides of the aisles, would argue that tax cuts fully pay for themselves.
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congress.govI do not think many people, including many good friends of mine on both sides of the aisles, would argue that tax cuts fully pay for themselves.
Bernanke states that tax cuts rarely pay for themselves.
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Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.
As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the long run.