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The American Empire in a Changing World



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Wednesday, March 30, 2011

'As deficits balloon, persistent tax cuts under scrutiny'

from the seattle times...........


"Across the country, taxpayers jarred by cuts to government jobs and services are reassessing the risks and costs of tax reductions, exemptions and credits, and the ideology that drives them. States cut taxes in hopes of spurring economic growth, but it hasn't worked in state after state."


.............."A 2008 study by Arizona State University found that state's structural deficits could be traced to 15 years of tax cuts, mainly income-tax reductions that "were not matched by spending cuts of a commensurate size.".......read it here

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