Crazy Nut Job
FiveThirtyEight: Politics Done Right: Obama Has Cut Taxes for 98.6 Percent of Working Households »

robot-heart-politics:squashed:

I wonder why this hasn’t gotten any more press.

Actually, they probably didn’t want more press. Obama’s economic team belongs to a school of economic thought that believes tax cuts work best if they are stealth cuts. This makes sense: If people get more money as a one-time bonus, they are less likely to go out and spend than if they don’t know it’s a one-time bonus. If they somehow have more money and don’t recognize that it is probably temporary, it will have a more positive impact on their spending habits. Less press = more stimulus.

Reblogged 2 years ago from robot-heart-politics (originally from squashed)
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    thesmarttart:robot-heart-politics:squashed:...But he promised to cut taxes for 99 PERCENT...
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    Actually, they probably didn’t want more press. Obama’s economic team belongs to a school of economic thought that...
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    Everyone would rather talk about the deathers, more. It’s a shame.
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