August 16, 2012 by David K. Sutton
Republicans Say Tax Cuts Do Not Stimulate The Economy
Did that get your attention? Good, stay with me for a moment. — So we all know Mitt Romney, Paul Ryan and every other beltway Republican is on record as saying the “stimulus” didn’t work. When we say stimulus, we are talking about the American Recovery and Reinvestment Act of 2009. This piece of legislation, passed in the first months of the Obama administration, contained tax incentives for companies, tax breaks for individuals, infrastructure investment, education funding, and more. Fully one-third of the “stimulus” was in the form of tax cuts.
So when Republicans say “the stimulus didn’t work” what they are saying is tax cuts don’t stimulate the economy. If they don’t mean to say this, then they cannot say the stimulus didn’t work. Because it is not possible for tax cuts to work to stimulate the economy (which is Republican gospel) in a world where the stimulus didn’t work. Time for a new narrative. / image by DonkeyHotey