Deficit Quote by Randy Neugebauer
“In addition to a soaring stock market, 6.6 million jobs have been created since tax relief measures went into effect in 2003. Our deficit situation has also improved as tax revenues have increased at double-digit rates over the past two years.”
About This Quote
Source Speech: Congressional testimony on tax policy, 2005
Tax cuts spurred job growth and higher revenues, reducing the deficit.
In simple terms: Tax cuts helped jobs and revenue.
Key Takeaway
Consider tax policy impacts on economy.
Themes
economics
fiscal policy
employment
Mood
analytical
neutral
Type
political
economic
When to use this quote
- policy making
- business planning
- public finance
Key Concepts
supply-side economics
budget deficits
Questions to Reflect On
- What other factors contributed to job growth?
- Are tax cuts always beneficial?
A Different Perspective
Benefits may be uneven; other factors also affect jobs.
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