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Gale & Orszag on Bush Administration Tax Policy: Starving the Beast

William Gale (Brookings Institution) & Peter Orszag (Brookings Institution) have posted  Bush Administration Tax Policy: Starving the Beast on the Tax Policy Center web site. Here is part of the Introduction:

This is the seventh installment in a series that summarizes and evaluates tax policy in the Bush administration. Prominent public supporters of the tax cuts are sometimes willing to acknowledge, at least privately, the weakness of many of the various public justifications for the policies, including the supposed effect on long-term growth or as a short-term stimulus. The supporters will nonetheless maintain that the tax cuts were still a good idea because the "real" purpose was to contain the size of government. This article examines links between the enacted tax cuts and the goal of "starving the beast" — that is, holding down government spending.


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