A few months ago, the Congressional Budget Office released a report on the impact of various tax options. A two-year extension of the Bush tax cuts, it estimated, would lower the unemployment rate next year by between 0.1 and 0.3 percentage points compared with what it would be if the tax cuts were allowed to expire; the effect would be about twice as large in 2012.
Monday, December 06, 2010
OK, THE TAX CUTS AREN'T ENTIRELY WORTHLESS
Or so Paul Krugman found out:
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