Say "NO" to Tax Cuts! - Associated Content from Yahoo! - associatedcontent.com: "- Sent using Google Toolbar"
"Paul O'Neill, Treasury Secretary, opposed the 2003 Tax Relief Act on the grounds that they would:
-fail as a growth stimulus
-increase inequality
-worsen the budget outlook considerably
The combined effect of the three tax cuts proved to have a substantial net negative impact on revenues according to the Economic Policy Institute. At least 450 economists took out an ad in the New York Times in February 2003 asserting that the Bush tax plan was not the answer to our sluggish economy."
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