FREDO'S ECONOMIC MEN SPEAK OUT

(h/t Brendan Nyhan and Brad DeLong)


House or Senate shake-up likely to end tax cuts
By Patrice Hill
THE WASHINGTON TIMES October 5, 2006:

Rob Portman, director of the Office of Management and Budget... Council of Economic Advisers Chairman Ed Lazear ... they conceded that the tax cuts have not prompted more people to get work and contribute to the economy, while they cut deeply into government revenue and contributed to record budget deficits that have not shown much improvement until recently.

Mr. Lazear conceded that the cut in the top tax rate from 38 percent to 33 percent and other Bush tax cuts should have provided an incentive for more people to work, but instead both men and women have been dropping out of the labor force.