Democrats & Liberals Archives

Tax cuts will hurt only Democratic Party

WASHINGTON — Economics is a science of single instances, hence it is hardly a science. So how much the president’s most recent tax cuts will stimulate the economy is conjectural, a conjecture being a guess by a Ph.D. The Los Angeles Times, using Commerce Department figures, says the economy may be expanded “by somewhere between the annual output of North Dakota, the smallest of the states in economic terms, and Nevada, which ranks 31st,” or by the equivalent of “adding another Sears, Roebuck & Co. and Dell Computer Corp.”

But as a stimulus to the president’s political stock and conservatives’ aspirations, the latest tax cuts, signed Wednesday, will be doubly successful. They will make it more difficult for a Democrat to win the presidency. And should one win, the cuts will make it more difficult to use the presidency for Democratic purposes.

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Posted by Editor at June 1, 2003 6:15 PM