carlfense Posted November 2, 2012 Share Posted November 2, 2012 I'm stunned. I didn’t end up posting on the report because it didn’t strike me as terribly new or even all that rigorous. But it sure upset Senate Republicans. They didn’t like the report’s tone. They also had some methodological criticisms, including that the analysis “was looking for a macroeconomic response to tax cuts within the first year of the policy change without sufficiently taking into account the time lag of economic policies” and that it “did not take into account other policies affecting growth, such as the Federal Reserve’s decisions on interest rates.” Note that both these critiques, while reasonable, imply that tax cuts don’t boost growth quickly, and that they may not boost it at all if the Federal Reserve doesn’t cooperate. Keep that in mind next time you hear that tax cuts are sure to get this economy back on its feet, and fast. But the Senate Republicans didn’t just snipe at the report. According to The New York Times, they got CRS to pull the report from its Web site. That’s not how these debates are supposed to go. Criticize the report. Dismiss it. Ignore it. Release your own. But don’t get it pulled. http://www.washingto...ant-you-to-see/ CRS Report http://www.scribd.co...xes-and-Economy Link to comment
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