Just as they did in 2000, the Republicans are running this year on an economic platform of tax cuts, especially making the tax cuts permanent for the richest among us. So how did the tax cuts work out? My analysis of the new data, with all figures in 2008 dollars: Total income was $2.74 trillion less during the eight Bush years than if incomes had stayed at 2000 levels.

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Topics:  republicans   total   bush   trillion   tax cuts   
BING NEWS:
  • Tax Cuts Take Lead Over Deficit Worries in GOP’s Internal Fight
    Republicans are embracing the contentious idea that some of their tax cuts would largely pay for themselves.
    12/15/2024 - 8:30 pm | View Link
  • President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?
    Republicans like cutting taxes. They did it when Ronald Reagan was in office and again under George W. Bush. Donald Trump prioritized tax cuts when he was last in the White House, and he has promised ...
    12/14/2024 - 1:01 am | View Link
  • Tax cuts for those who need it: Eric Adams aims at city income taxes for low earners
    Mayor Adams this week moved to push through a tax cut for the city’s lowest earners, which would eliminate or reduce city income taxes for more than a half million people, saving each household an ...
    12/5/2024 - 7:00 pm | View Link
  • The Best Ways to Lower Taxable Income
    Paying taxes is an unavoidable obligation each year, but individuals and business owners can take advantage of various strategies for tax savings.
    12/3/2024 - 1:26 am | View Link
  • More

 

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