Random Observations for Students of Economics

Visit Greg Mankiw's Blog

Reading the Budget's Footnotes

Posted on February 08, 2010

From the Commitee for a Responsible Federal Budget:The Administration is taking two tax provisions from the 2009 stimulus bill -- expansions of the child tax credit and the EITC -- and claiming them as part of the current policy Bush tax cuts. And they are doing something similar for Pell grants: assuming that they will receive sufficient funding to pay out the maximum grant level set in the stimulus bill.The Administration didn't inherit these policies, they created them. And worse, still, they created them as explicitly temporary, under a stimulus bill which they claimed was meant only to ...

Original article link


budget , tax