Jim Devine writes: "Except at low incomes, tax cuts are fiscally inefficient, i.e., they stimulate aggregate spending less per dollar of increased deficit than do increases in government purchases (on weapons, schools, etc.) Put a different way, they increase the deficit more per dollar of stimulus."
Is your statement purely a logical result of theorems you accept, or are there empirical studies you believe are compelling and conclusive? And if the latter, which studies? David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
