About us Login Get email updates
County Fair
Print

WaPo's Kurtz overstates effectiveness of tax cuts as stimulus

September 21, 2009 2:57 pm ET by Jamison Foser

During today's online discussion, Washington Post media critic Howard Kurtz told a questioner to "Keep in mind the stimulus also included tax cuts, which help the economy as well."  That led to this follow-up question-and-answer:

Tax cuts, which help the economy as well.: Oh, you mean like how all those tax cuts Bush gave to the rich? Yep, those really helped the economy Howie.

Howard Kurtz: The argument over tax cuts is always over how large they are (can the economy afford them?) and who gets the benefits (which were tilted toward the affluent during the Bush administration). But there is no dispute among economists that tax cuts stimulate the economy by putting more cash in people's pockets.

What Kurtz doesn't mention is that tax cuts, at least according to economists like former McCain advisor Mark Zandi, are much less effective than government spending when it comes to stimulating the economy.

That's a pretty significant detail.  By omitting it, Kurtz makes tax cuts look like much better policy than they are.  

I guess this is what Washington Post executive editor Marcus Brauchli is talking about when he says the paper is "not well-enough informed about conservative issues. It's particularly a problem in a town so dominated by Democrats and the Democratic point of view."

Expand All Expand 1st Level Collapse All Add Comment
    • Author by rtwmd1230 (September 21, 2009 3:02 pm ET)
         
      We can assume that Kurtz is talking about tax cuts for people in his income bracket.
      Report Abuse
      • Author by The_Cat (September 21, 2009 6:08 pm ET)
           
        His income bracket or higher, since he is a fawning sycophant who equates wealth with personal worth. It's okay to tax the poor to death, of course, because they don't really matter, right Mr. Kurtz?
        Report Abuse
    • Author by DellDolly (September 21, 2009 3:04 pm ET)
         
      This also feeds into and debunks the Republican Mantra that the Dems aren't interested in bipartisanship. The biggest reason there were large amounts of tax cuts in the Stimulus package was to soothe the Republicans. The Dems know that they are not very good at stimulating the economy when looking at all govt spending, but tax cuts are more palatable to the Republicans, so the Dems included them. Why are they more palatable? Because Republicans want the money going to taxpayers, not people 'sponging off society' collecting unemployment or food stamps, that's why.
      Report Abuse
      • Author by pros2pros2940 (September 21, 2009 3:37 pm ET)
           
        How would a tax cut go to people sponging off society or collecting UE ?
        Report Abuse
        • Author by DellDolly (September 21, 2009 5:19 pm ET)
             
          I totally don't understand your question. A tax cut goes to people with a job. That's why the Republicans like tax cuts better than they like better economic stimulus methods like food stamps increases or unemployment extensions. It's the Republicans who look at needy people getting food stamps or collecting unemployment as sponging off society, not me.
          Report Abuse
    • Author by pros2pros2940 (September 21, 2009 3:42 pm ET)
         
      President Bush's Treasury Department, analyzing the "dynamic" effects of making the Bush tax cuts permanent, found that even under favorable assumptions, the positive economic impact would make up for no more than 10 percent of the tax cuts' cost
      Report Abuse

my.MediaMatters.org

Login  Sign Up

About the Blog

Feed Icon
  • County Fair is a media blog featuring links to progressive media criticism from around the Web as well as original commentary, breaking news and rapid response updates to major media events from Media Matters senior fellows and other staff.

Weekly Columns

Feed Icon

Most Popular Tags

Feed IconRSS Feeds

Get personalized rss or email alerts

Connect & Share

Facebook Twitter Digg YouTube MySpace