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George W. Bush: Please Don’t Put My Name on Those Tax Cuts!

April 11th, 2012 . by economistmom

The former president may speak more eloquently than we’ve heard him speak before about his tax policy (perhaps taking some talking points from Paul Ryan?), but the bad news is that simply re-labeling the tax cuts as, for example, the (now) “Obama tax cuts,” won’t make those claims of wonderful supply-side growth effects suddenly come true. (Here is a CNN story on yesterday’s speech.) But the new presidential ownership of the bulk of the tax cuts–and the continued campaign promises by all candidates to keep the bulk of them (warts and all)–still assures us that they’ll largely persist in our future.

3 Responses to “George W. Bush: Please Don’t Put My Name on Those Tax Cuts!”

  1. comment number 1 by: Jason Seligman

    the speech goes:

    “I wish they weren’t called the Bush tax cuts. If they were called someone else’s tax cuts, they’d be less likely to be raised,”

    my comment is simply “how d’you figure?”

    because I think that is probably hard to argue. If we did not need the money I think they’d be harder to rescind, but that is speculative, as Diane writes they do not appear to be be in danger, even given the current fiscal picture.

  2. comment number 2 by: SteveinCH

    Hmmm…is it worth noting that the total tax cuts that the current President supports (inclusive of the payroll tax cut) are actually quite a bit larger in dollar (and percent of GDP) terms than the “Bush tax cuts” as enacted?

  3. comment number 3 by: Jason Seligman

    …so the Bush thesis is those that do not have his name on them are more likely to persist…

    Only time will tell.