The George W. Bush administration (20012009) passed a variety of tax cuts. For example, the highest marginal
Question:
a. What do you expect that the effect of the original tax cuts would have been?
b. What would be the effect of allowing the tax cuts to expire?
c. The final agreement in Congress allowed for a two-year extension of the tax cuts. Problem 2.7 discusses the difference between permanent and temporary policy changes. Do you think that this distinction is relevant in the case of the Bush tax cuts? Briefly explain.
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Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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