Well the news is not good for big tax and spend liberals. Contained in the latest U.S. Treasury analysis of the Bush tax cuts is more evidence that most of the cuts were good for overall economic growth. Furthermore, the tax cuts that were the most effective at generating growth were those that liberals argue go to the wealthy. To see a copy of the report go to:
The Treasury analysis concludes that a permanent extension of the Bush tax cuts would produce a 2.3% increase in the nation’s capital stock. The study shows that the dividend tax cuts were the most effective in generating growth. The least effective tax cuts, according to the Treasury analysis, were the cuts at the lowest end of the income spectrum (the 10% bracket) and the child care credit.
The U.S. Treasury analysis should cause those who honestly questioned the wisdom of the tax cuts to reconsider their resistance. We need more analysis and less blather on the impact of tax cuts on the economy.