Archive for December 19th, 2012

December 19, 2012

Daily Scoop: Why the Bush tax cuts were enacted

Washington Post Factchecker:

GW Bush_cropWe’ve noted this history before, but many people have forgotten it. Given that the dispute over whether to extend all of the Bush tax cuts has now led the nation to the edge of the “fiscal cliff,” let’s take a trip back in time to recall why the Bush tax cuts were enacted in the first place. (The Fact Checker covered passage of the Bush tax cuts as an economic policy reporter for The Washington Post.)

Oddly, a key reason the tax cut became reality was because of a fear the United States soon would have zero debt.

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