According to a new report from the Congressional Budget Office, the tax breaks provided by the Recovery Act did less to stimulate our economy than government spending, purchasing and transfer payments. You can find the summary of the CBO's report below (Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output From July 2010 Through September 2010P, or download the full PDF here courtesy of the TaxProf Blog.
Wednesday, December 01, 2010
CBO: Tax Cuts Were Least Effective Stimulus in Recovery Act
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