{"id":665,"date":"2009-01-28T09:53:41","date_gmt":"2009-01-28T09:53:41","guid":{"rendered":"http:\/\/fierce.jnfr.com\/fp-wp\/?p=665"},"modified":"2009-01-28T09:53:41","modified_gmt":"2009-01-28T09:53:41","slug":"more-on-tax-cuts","status":"publish","type":"post","link":"https:\/\/fierce.jnfr.com\/?p=665","title":{"rendered":"More on Tax Cuts"},"content":{"rendered":"

Elana Schor, writing for TPM-DC, a new Talking Points Memo blog, gathers evidence of why tax cuts are ineffective as economic stimulus<\/a>.<\/p>\n

…Mark Zandi, a Republican economist who advised John McCain’s presidential campaign, has been stressing this point for months. Zandi’s research showed a corporate tax cut delivering $0.30 in real GDP growth for every $1 invested, an alternative minimum tax patch delivering $0.48 for every $1 invested, and a regular tax rebate delivering anywhere from $1.02 to $1.28 for every $1.<\/p>\n

Compare that to aid to state governments, which Republicans have roundly criticized: $1.36 for every $1 invested. Infrastructure spending delivers a whopping $1.59 in GDP for every $1.<\/p>\n

But it’s not just Zandi making this point. The Congressional Budget Office — you know, the guys with the incomplete stimulus report that Republicans absolutely loved last week — deemed last year that corporate tax cuts are “not a particularly cost-effective method of stimulating business spending.”…<\/p><\/blockquote>\n

<\/p>\n

Really, Obama and the Congressional Dems need to respond to all this Republican whining about tax cuts by re-focusing the stimulus bill on truly effective economic measures, not by letting the bill go under because of attempts to be “bipartisan”.<\/p>\n

Addition:<\/b> What Balloon Juice said<\/a>.<\/p>\n

Addition:<\/b> What Sadly No! said<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elana Schor, writing for TPM-DC, a new Talking Points Memo blog, gathers evidence of why tax cuts are ineffective as economic stimulus. …Mark Zandi, a Republican economist who advised John McCain’s presidential campaign, has been stressing this point for months. Zandi’s research showed a corporate tax cut delivering $0.30 in real GDP growth for every $1 invested, an alternative minimum tax patch delivering $0.48 for every $1 invested, and a regular tax rebate delivering anywhere from $1.02 to $1.28 for every $1. Compare that to aid to state governments, which Republicans have roundly criticized: $1.36 for every $1 invested. Infrastructure …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9],"tags":[],"class_list":["post-665","post","type-post","status-publish","format-standard","hentry","category-econ"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p13tCM-aJ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=\/wp\/v2\/posts\/665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=665"}],"version-history":[{"count":0,"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=\/wp\/v2\/posts\/665\/revisions"}],"wp:attachment":[{"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fierce.jnfr.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}