In the spring of 2011, a newly-elected Republican Congress claimed a mandate from the American people to cut spending at any cost. Twice – in February and April – Congress came within hours of a government shutdown before short-term spending measures (Continuing Resolutions) were passed, cutting spending in each case. As spring moved to summer, … Continue reading
Tag Archives: Bush Tax Cuts
Economy / Fiscal policy / Politics / Tax
What Are the Bush Tax Cuts?
The period between March 1991 and March 2001 was the longest continuous expansion in U.S. economic history, according to the National Bureau of Economic Research. But the sunset of this period, with the bursting of the Dot Com bubble and the attacks on 9/11, marked the beginning of a two-year recession. In response, the Bush … Continue reading
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