Monday, October 31, 2011

Quote of the Day II: Tax Cuts and Job Growth, the Myth

"Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today."

--Bruce Bartlett, an economist who worked in the administrations of Presidents Ronald Reagan and George H.W. Bush. (He also says the notion that cutting regulations will lead to significant job growth is,"nonsense. It's just made up.")

(Quote from Huff Post Business.)

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