Bush Tax Cuts Had Little Positive Impact on Economy

Republicans are heavily invested in permanently extending the tax cuts enacted during the George W. Bush administration, all of which expire at the end of this year exactly as the legislation was written in the first place. To hear Republicans, one would think that the Bush tax cuts were the most powerful stimulus to growth ever enacted and only a madman would even think of allowing any of them to expire.

The truth is that there is virtually no evidence in support of the Bush tax cuts as an economic elixir. To the extent that they had any positive effect on growth, it was very, very modest. Their main effect was simply to reduce the government’s revenue, thereby increasing the budget deficit, which all Republicans claim to abhor.

http://www.thefiscaltimes.com/Issues/Taxes/2010/09/17/Bush-Tax-Cuts-No-Economic-Help.aspx

If they really have no impact then we might as well reduce the deficit.

Tax cutting has dug us $11 trillion into the hole

college, etc. have increased. A person making $40k in 2001 v. $40k in 2010 is paying more for less. That is why they don't want to let the tax rates for the middle class go back to the Clinton rates.

2.4 cents per day. Cant buy a lot of food, gas, healthcare or college with that.