Administration Quote by Bruce Bartlett
“Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today. As for the idea that cutting regulations will lead to significant job growth, it's just nonsense. It's just made up.”
About This Quote
Source Speech: Economic Policy Discussion, 2005, United States
Tax cuts for the rich and deregulation have historically failed to boost economic growth, and further cuts are unlikely to succeed today.
In simple terms: Rich tax cuts and deregulation rarely stimulate growth.
Key Takeaway
Avoid relying on tax cuts for economic stimulus.
Themes
economics
public policy
taxation
regulation
growth
Mood
skeptical
analytical
Type
policy
economic
When to use this quote
- budget planning
- legislative debate
- business strategy
- public advocacy
Key Concepts
Keynesian critique
supply side
fiscal policy
Questions to Reflect On
- What alternative policies could effectively stimulate growth?
- How do political incentives shape tax policy?
A Different Perspective
Assumes past failures predict future outcomes without considering context.
![“[ Tax cut ] will create tremendous numbers of new jobs. But regulations, [Hillary Clinton] are going to regulate these businesses out of existence.” quote by Donald Trump](https://sms4smile.com/quotes/img-quotes/426/donald-trump-18_clinton_tax-cut-will-create-tremendous-numbers-o_1423866.jpg)
