Last time I wrote that tax cuts are relatively ineffective in stimulating the economy. That’s especially true for tax cuts targeted at the top rungs of the economic ladder. Over the weekend, the Congressional Budget Office released the following chart showing the stimulative effect of various aspects of the proposed recovery package.
Direct purchase of goods [...]
Posts Tagged ‘jobs’
Strangled logic
Posted in Current Events, tagged auto industry, demand, depression, economic collapse, economic crisis, Economy, jobs, recession, stimulus, tax cuts, tax policy on January 26, 2009 | 9 Comments »
When I get into discussions about the economy with my conservative friends, they consistently tout the benefits of tax cuts to stimulate jobs and spending. But they are consistently opposed to increases in the minimum wage as costing jobs. Some go so far as to oppose the very concept of a minimum wage.
But here’s where [...]
