The GOP Trying to Shake the Dust Off Trickle Down Economics - Not Buying It.
January 26, 2009 – The Economic Policy Institute (EPI) called out critics over the weekend which argue that more tax cuts would be better than infrastructure spending to stimulate the economy. Trickle down, trickle up – whatever you want to call it, these economic policies have been pretty unsuccessful to date. The EPI makes the point, stating that:
“When it comes to reviving the economy, tax cuts do not work as well as smart public spending. That is economic common sense proven true by the past two attempts at tax-cut stimulus, in 2008 and in 2003-04. And yet, incredibly, we are starting to hear the same old tried-and-failed policies from conservatives and the GOP.”
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