Wednesday, January 08, 2003

Financial Times on Bush's (non-)stimulus package.

It is difficult to escape the conclusion that there would have been better tax reforms available for the money. If the objective was stimulus, a short-term package affecting many more taxpayers would have been preferable; if stock prices or investment were the main objective, cuts in corporation tax would have been better; and if tax cuts for ordinary people were on Mr Bush's mind, any number of alternative measures would have been better targeted.

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