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This is the political party of both Mankiw and Hubbard which is motivated more by.

Mankiw on the Bush Tax Cuts Matthew Martin 12/31/ PM. Twitter. Tweetable Mankiw calls for congress to let all the Bush tax cuts expire:"both sides have, from the very beginning, agreed on one point: Taxes on the middle class must not rise.

But maybe it’s time to reconsider this premise. An unwavering commitment to keep middle. Mankiw, who was a member of Bush's economic team, makes a different argument. He claims that the Bush tax cuts were motivated by economic theory.

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According to Mankiw, the theory of optimum tax policy suggests that taxes on income and/or consumption are better than taxes on capital. Certainly, Mankiw is correct in one sense. Jun 28, John F. Clark Treasurer / Collector Email Boston Road Billerica, MA Treasurer Ph: Tax Collector Ph: Water Billing.

Gregory Mankiw, formerly President Bush’s top economist, raised this question in his NYT column this week. I’ll resist the obvious temptation to pronounce this a win-win and deal with the issue at hand.

The Brookings Institution.

Mankiw explains in his piece that the various tax increases (income, capital gains, and estate taxes) would substantially reduce the percentage of [ ]. Feb 28, The Bush tax cuts were two tax code changes that President George W. Bush authorized during his first term. Congress enacted tax cuts to families in and investors in They were supposed to expire at the end of Instead, Congress extended them for two more years, and many of the tax provisions remain in effect- and continue to affect the.