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There is always a lot of rhetoric on Tax Day.  Later I will comment on some of today’s rhetoric.  In this post I will instead focus on some basic facts that are not earth-shattering, but provide some important historic context for the current tax and spending debate.
Let’s start by looking at just the total amount [...]

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About Keith Hennessey

I served as the senior White House economic advisor to President George W. Bush.  My job was to coordinate economic policy for the President, including macroeconomic issues, financial markets and institutions, tax [...]

2001
What: H.R. 1836, The Economic Growth And Tax Relief Reconciliation Act Of 2001
When: Signed into law June 7, 2001
Effects: Cut marginal income tax rates, created a new 10% bracket, provided marriage penalty relief, put death tax on path to extinction, repealed pease and pep, increased the child tax credit, increased contribution and deferral limits on [...]

USA Today editorializes today against making the tax cuts permanent, and includes an opposing view from me.
I’ll include both here.  I’ve learned that he who writes the opposing view is at a disadvantage, in that they get to see what I wrote, but not the reverse.  I thought I had anticipated their attacks, but I [...]