American Economic Journal.
Feb 28, Research shows no evidence that tax cuts have any impact on the spending habits of upper-income taxpayers. The Bush tax cuts would only increase growth enough to make up 10% of their long-run cost.
The New York Times.
In addition, maintaining the cuts has been estimated to costtrillion from to . In fact, President Bush increased government spending more than any of the six presidents preceding him, including LBJ. In his last term in office, President Bush increased discretionary outlays by an estimated percent. During his eight years in office, President Bush spent almost twice as much as his predecessor, President stumpmulching.barted Reading Time: 2 mins.
The Bush tax cuts included two separate measures that were passed to provide tax relief to families in and to businesses in The measures lowered federal income tax rates for everyone.
And one of the steps that Bush and Congress took at the time was the Budget Enforcement Act, which created spending caps on discretionary spending and created a rule called PAYGO, or"pay as you go.". Jul 13, The Bush tax cuts are a convenient scapegoat for past and future budget woes.
But it is the dramatic upward arc of federal spending that is the.