"... President George Bush passed tax cuts that will expire at the end of this year... Giving these big red eggs (ed note: the aforementioned tax cuts) to the very high-income people would cost seven hundred billion dollars that we would have to borrow to give it..."
- Austan Goolsbee, see White House White Board: CEA Chair Austan Goolsbee Explains the Tax Cut Fight Aha, so that is how a tax cut works... the government "borrows" money to give to the recipient of the tax cut. Who'da thunk it? Thank goodness we have "the smartest guy in the room" to set us straight!
- Austan Goolsbee, see White House White Board: CEA Chair Austan Goolsbee Explains the Tax Cut Fight Aha, so that is how a tax cut works... the government "borrows" money to give to the recipient of the tax cut. Who'da thunk it? Thank goodness we have "the smartest guy in the room" to set us straight!
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