Bush Tax Cuts Produce Employment Flop

Armand Biroonak's picture
Submitted by Armand Biroonak
July 17th, 2008
Posted in

The Bush and conservative-dominated Congress' tax cuts in 2001, and again in 2003 promised to create 5.5 million jobs from July 2003 through the end of 2004. Instead, only 2.4 million jobs were added during that period—1.7 million fewer jobs than the economy was expected to produce without any tax cuts.

Source
John S. Irons, "Bush's Tax and Budget Policies Fail to Promote Economic Growth," Center for American Progress.16 February 2006. http://www.americanprogress.org/issues/2006/02/b1425171.html
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