Bush era tax cuts fall short
Originally appeared in the Harrisburg Patriot News, July 3, 2011 Ten years ago last month, President George W. Bush signed a bill cutting taxes by $1.35 trillion over 10 years. It was the first of several Bush tax cuts that ended up costing two and a half trillion dollars over a decade. Dan Gleiter, The Patriot-News Ten years later, what have we gotten for this tax cut? Where is the prosperity President Bush promised? Pennsylvania’s official unemployment rate in June 2001 was 4.8 percent. Today, the seasonally adjusted rate is 7.4 percent. Nationwide, the unemployment rate was 4.7 percent. Today, it is hovering around 9 percent. At the end of last year, supporters of Bush’s policies pushed through an extension of the Bush tax cuts for another two years. Many lawmakers say they want to extend the tax cuts again into 2013 and beyond, which would almost double the federal… Continue reading



