Economic growth fueled by tax relief
Posted by ssbg on July 16, 2006
George Bush, as recently as today, made the claim that tax cuts pay for themselves. No credible analysis suggests that they do, but the administration continues to spin this yarn anyway. When will people finally tire of being deceived? The claim Bush made today is refuted by the White House’s own analysis, yet the claims are made anyway.
Here’s what Bush said:
Some in Washington say we had to choose between cutting taxes and cutting the deficit….Today’s numbers show that that was a false choice. The economic growth fueled by tax relief has helped send our tax revenues soaring. That’s what has happened.