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The Tax Relief Program Worked: Make the Tax Cuts Permanent
Tax relief worked and helped to restore robust economic growth following the Clinton recession. The Heritage Foundation (6/18/08, Foster) reports that the tax cuts along with robust economic growth produced a more growth-oriented tax policy for the long term, helping the economy to weather current storms arising in the housing and capital markets.
"The 2001 and 2003 tax cuts will expire at the end of 2010 unless Congress acts. Congress should act quickly, making the tax cuts permanent, and then pursue additional pro-growth tax policies." Other countries are reforming their tax systems to become stronger competitors and the United States will need to make changes, or continue to lose ground in the international economy.
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