January 31, 2007

About Those Tax Cuts

Alex brings us a great post about Tax Cut Myths and Facts. Gee, do you think that the 2002 and 2003 could be related to Larry Kudlow's chart of GDP growth?

GDP+chart.jpg
You know, for all this talk about recession, (with some pundits calling for a recession just about every year—Paul Krugman comes to mind), the reality is that economic growth has been steady and strong following the 2001-2002 recession.

Think lower marginal tax rates, implemented in 2003 to strengthen work incentives, and significantly increase after-tax investment rewards.


Posted by jk at January 31, 2007 12:45 PM