I spotted this one via The Colbert Report last night:
“In September, the The Congressional Budget Office found that those $100 billion in tax cuts on income above $250,000 would reduce unemployment in 2011 and 2012 by… somewhere between 0.1% and nothing at all.”
! :/
Read the full post at the ‘American Politics’ on The Economist
Related:
President Obama, GOP Tout Tax Cut Deal But Extension Comes at a Heavy Price – “Extending Bush-Era Tax Breaks Good For Short-Term Economy, But Would Add $900 Billion to Already High Deficit. [emphasis mine]” [ABC News]
Hit the jump for President Obama’s address announcing the deal on extending the tax cuts.
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