Tax Cuts don't pay for themselves

Eran Lillestrand's picture
Submitted by Eran Lillestrand (not verified)
March 21st, 2008
Posted in

Tax cuts were the single largest contributor to the Bush administration’s $2.3 trillion deficit between 2001 and 2006. Tax cuts added more debt (51%) than increased spending on defense and homeland security (33%) and all entitlement programs (10%).

Source
“Tax Cuts: Myths and Realities,” Center on Budget and Policy Priorities, 16 November 2007. http://www.cbpp.org/9-27-06tax.htm. Domestic discretionary programs added 6%.
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