Make A Much Better Case

October 3, 2012 § Leave a comment

“I would not argue that tax increases are per se stimulative. It all depends on circumstances. But it is clear from the experience of the 1990s that they can play a very big role in reducing the budget deficit and are not necessarily a drag on growth. And the obvious experience of the 2000s is that tax cuts increase the deficit and don’t necessarily do anything for growth. Those arguing otherwise need to make a much better case than they have so far.”

  • Bruce Bartlett, senior policy advisor in the Reagan and George H.W. Bush administrations, August 5, 2012
  • Source: The Clinton Tax Challenge For Republicans
  • Context: Bruce Bartlett has been very critical of Republican economic policies, specifically their refusal to even consider raising any taxes to tackle economic problems. In this piece, Bartlett argues that there is no historical support for the Republican policies, yet there is evidence which shows that raising taxes does help the economy. In order to justify their policies, Bartlett accuses the Republicans of resorting to “economic revisionism”:

“However, there are still a few people around old enough to remember the 1990s and 2000s. Even without looking up government statistics, they know that the 1990s were a time when the economy boomed, while the 2000s were a period of economic stagnation. This has created a problem for Republicans, leading to economic revisionism.”

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