Ten Myths about the Bush Tax Cuts

I know what you might be thinking. What good is Bush anyway? I mean it seems like he keeps screwing things up and now we're stuck with the mess he's made, right? Not exactly. At least not in terms of the economy. The Heritage Foundation has a thorough look at the Ten myths commonly associated with Bush's tax cuts and their impact on the economy. Not surprising(at least to me), these tax cuts actually increased tax revenue. What might surprise you is that in spite of what is commonly heard(tax cuts benefit the wealthy, not the rest of us) the group benefiting least would be the wealthy. This is the primary reason for increased tax revenue, in addition the common sense economy boost of putting more money back in people's pockets so they can spend it had a great effect.

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