Bush Tax Cuts Did Not Help Economy, CBPP Says

Center on Budget and Policy Priorities

Evidence indicates that the 2001 and 2003 tax cuts enacted by the Bush administration failed to stimulate economic growth or pay for themselves but instead increased deficits and income inequality, despite arguments in favor of the measures, the Center on Budget and Policy Priorities said in a March 31 report.

<p>Evidence indicates that the 2001 and 2003 tax cuts enacted by the Bush administration failed to stimulate economic growth or pay for themselves but instead increased deficits and income inequality, despite arguments in favor of the measures, the Center on Budget and Policy Priorities said in a March 31 report.</p>