by James Ostrowski, Mises.org – 3/20/2001
President Bush has proposed a $1.6 trillion tax cut. I would like to suggest that the president modify his tax proposal. He should increase the size of his tax cut to $21 trillion.
Well, itâ€™s not really a $21 trillion tax cut. Itâ€™s a $2.1 trillion tax cut. I got the $21 trillion figure by projecting it for ten years, just as Bush does with his. I donâ€™t know why Washington projects these tax cuts for ten years, since federal budgets are only good for one year and can be changed any time thereafter.Details