QandO

March 12, 2004

Krugmania: The professors tax plan
Posted by Jon Henke

In Today's NYT column, Paul Krugman presents the tax plan he'd have liked....

In 2001 the administration rammed through long-term tax cuts, heavily tilted toward the affluent. But employment didn't turn around, and by late 2002 many economists — including supporters of the original tax cut — were urging it to try something different. My own piece, "My Economic Plan," was fairly typical: I called for extended unemployment benefits, temporary aid to state and local governments, and rebates for low- and middle-income workers.

* Extend Unemployment benefits: Bush did that
* Temporary aid to state and local governments: The Jobs and Growth Tax Relief Reconciliation Act of 2003 increased that by $20 billion.
* Rebates for low- and middle-income workers: The Jobs and Growth Act of 2003 included rebates for child tax credits.

Granted, these policies may not have been implemented precisely as Paul Krugman would have liked (ie: by a democrat)....but they were implemented.

Which leaves one wondering exactly what the professor is complaining about.

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