Who agrees with bush i mean McCain to continue tax cuts?
Hey michbol123321! You’re wrong! Economics are a little more complicated than you learned in your first year college class buddy. In most cases, increasing spending or cutting taxes will stimulate the economy. However, there are long-run effects as well related to confidence in the economy and government debt crowding out private investment and keeping interest rates up. There are lots of people who think that dollar for dollar tax cuts for the poor and middle-class do more to stimulate spending. So raising taxes on the rich and cutting them for the poor could stimulate the economy on net. Ever hear of the marginal propensity to consume in your first year college class? Maybe in that class you also learned that the multiplier for government spending is higher than the one for tax reduction. In other words, raising taxes on the wealthy to pay for more road construction or R&D into alternative energy could stimulate the economy more than tax cut (though a tax cut would probably have a qu
