Tax Cuts: Which are Most Effective for Improving the Economy During a Recession or Depression? What is the extent to which tax cuts can improve the economy during times of recession or even depression? Which tax cuts are most effective? Former US Congressman Jack Kemp argued that Ronald Reagan’s across the board tax cuts in 1981-82 cut down unemployment and got the US economy moving again. However, Mr. Kemp’s assertion lacked detail and never explicitly connected specific cuts with specific boosts in economic performance. Mr. Kemp the reader that tax cuts work, but fails to state which ones work and to what extent. Regardless, some noted economists believed that the Bush tax cuts at the start of this decade did boost consumer spending,...The end:
.....re people employed and more businesses solvent during tough times. Works Cited Dobbs, Lou. “Tax cuts, jobs and the election.” Money, 32.12 (2003, November): 71-73. Fand, David I. “The Reagan Economic Program.” Financial Analysts Journal, 37.4 (1981): 28-34. Kaldec, Daniel, Bernard Baumohl, Douglas Waller, and Adam Zagorin. “Will tax cuts pay off?” Time Canada, 157.21 (2001, May 28): 26-27. Kemp, Jack. “Push for tax cut permanency, then for more tax cuts.” Human Events, 63.5 (2007, February 5): 7-8. “The President’s tax cuts and the growing economy.” New York Times, 20 May 2007: 6. “Reaganomics redux.” Economist, 20 Sept. 2003: 16-19. Roberts, Paul Craig. “Supply-side economics: theory and results.” Public Interest, 93(1988): 16-36.