Friday, July 10, 2009

Tax Cuts Won't Create Jobs

In the July 10, 2009 Economic Policy Institute article "Tax Cuts Won't Create Jobs," Lawrence Mishel explains
"the Bush administration’s own metrics, the tax cuts specifically designed to create jobs fell short by a staggering 3.1 million jobs. If not tax cuts, then how should we stimulate the economy? Public investment and direct government spending works better than tax rebates for stimulating the economy. Stimulus spending already in the pipeline will generate jobs and prevent unemployment from reaching the 12% level that it might have reached without the stimulus."

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