Rosnick, David; Baker, Dean - Center for Economic and Policy Research (CEPR) - 2011
There are many economists who argue that temporary tax cuts, like those in the 2009 stimulus and the ones proposed by … President Obama last week, have no impact on the economy. They argue that people will save a temporary tax credit rather than … additional spending, or, alternatively, whether it raised personal savings by more than one dollar. This paper shows that there …