Tax Cut Heaven (Or Hell?)

U.S. has tax-cut its way into debt - thestar.com

...By contrast, Mitt Romney’s first major ad is substantive — and wrong. He tells us that on his first day in office — after approving the Keystone XL pipeline — he will introduce tax cuts “that reward job creators not punish them.” The one idea that is almost certain not to jump-start this economy is a tax cut.

Why can we be sure of this? Because this is what we have done for the past three years. For those who think President Obama’s policies have done little to produce growth, keep in mind that the single largest piece of his policies — in dollar terms — has been tax cuts. They actually began before Obama took office, with the tax cut passed under the George W. Bush administration in response to the financial crisis in 2008. Then came the stimulus bill, of which tax cuts were the largest chunk by far — one-third of the total. The Department of Transportation, by contrast, got 6 per cent of the total to fix infrastructure...