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One of the major economic policy initiatives for which GW Bush has been criticized

One of the major economic policy initiatives for which GW
Bush has been criticized– even by some economists and politicians within his
own party– is a proposal to make permanent the “temporary” tax cuts
that sharply reduced rates on high income taxpayers and which were initiated in
the economic slump during his first term in office (these tax rate reductions
were originally scheduled to fade out between 2008 and 2010)

 

What economic arguments/assumptions could be used to justify
Bush’s policy of making his temporary tax cuts permanent? What
arguments/assumptions could be used to justify rolling back those tax cuts
(increasing taxes) at this time?

Mar 17 2020 View more View Less

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