Bush says tax cuts stimulate the economy. Unfortunately, he's fallen more than 2.2 million jobs short of the projection made by his own economists.
posted by Postroad
on Jul 28, 2004 -
the CEO of Berkshire Hathaway
seems to disagree
with the Bush clan on tax cuts.
"As owner of 31 percent of Berkshire, Buffett would receive $310 million in extra income if the company decided to pay $1 billion in dividends next year; his tax rate would plunge to 3 percent, while the rate of Berkshire's receptionist would remain at 30 percent."
posted by CrazyJub
on May 20, 2003 -
The change in private employment, two years after recession began, for 1953 to Present.Details
: The jobless recovery continued in March 2003 as the nation's payrolls contracted by 108,000, according to report released today by the Bureau of Labor Statistics (BLS). These losses are in addition to last month's payroll declines, which also were revised up to 357,000. Taken together, the economy has lost 465,000 jobs in the past two months. In the two years since the recession began in March 2001, total payrolls have fallen by 2.1 million and private sector payrolls are down by 2.6 million.The Jobless Recovery
. Low growth accompanies record trade deficit
Last month in Beijing, Robert Zoellick, President George W. Bush's international trade ambassador, had nothing but praise for China's growing trade surplus. Meanwhile in St. Louis in January, the president stumped for more tax cuts, standing before a facade of boxes with the words "Made in China" covered over in tape. 2001 Tax Cuts and the Proposed 2003 Cuts
Details: Discarding pretense of tax cut equity
Also: Economists Voice Opposition to Bush Tax Cuts
posted by y2karl
on Apr 16, 2003 -
The GOP is reportedly [+
] proposing $15 billion of cuts — or is it $25? — in veterans' benefits between now and 2007, and groups like the Veterans Against the Iraq War
are hopping mad. Hell, I imagine the pro-war wing is pretty peeved, too. It's part of a plan with delusions of grandeur
to deliver massive tax cuts AND kill the deficit ... you know, the one that did not exist before W was elected, as I understand it ... in six years. The original tip is from Stand Down
. The actual status of the cuts is nebulous at this point, however, with the SF Chron
reporting that they will likely fail in the Senate as the tax cut is halved and others
reporting that the die is not yet cast. The House budget resolution, for metafilter accountants who like these things, is here
posted by hairyeyeball
on Apr 1, 2003 -
The Memory Hole
" Last month the Office of Management and Budget got sloppy: it issued a press release stating flatly that tax cuts were responsible for only 15 percent of the 10-year deterioration. The Center on Budget and Policy Priorities noticed, and I reported it here.
Now for the fun part. The O.M.B. reacted angrily, and published a letter in The Times attacking me. It attributed the misstatement to "error," and declared that it had been "retracted." Was it?
It depends on what you mean by the word "retract." As far as anyone knows, O.M.B. didn't issue a revised statement conceding that it had misinformed reporters and giving the right numbers. It simply threw the embarrassing document down the memory hole."
I'd like to propose a new word, "rovian."
posted by nofundy
on Aug 6, 2002 -
in defense of tax cuts. Paul Krugman sets the record straight with refreshing honesty. If only he were in charge of our country's economics... From the CEO White House to our Banana Republics to our largest corporations budgetary dishonesty abounds and we'll eventually have to pay the bill.
posted by nofundy
on Jul 30, 2002 -