Skip this site's navigation and go to its main content

Receive Updates From Heritage

Receive Updates From Heritage

The Heritage Foundation
Leadership for America

Our Vision

Building an America where freedom, opportunity, prosperity, and civil society flourish.

About The Heritage Foundation

Founded in 1973, The Heritage Foundation is a research and educational institution—a think tank—whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense. We believe the principles and ideas of the American Founding are worth conserving and renewing. As policy entrepreneurs, we believe the most effective solutions are consistent with those ideas and principles.

1x1 000000

Host a Screening of Our Missile Defense Documentary

1x1 000000

Learn How New Health Care Policy Will Affect You

Tax Cuts, Not Tax Hikes, Ought to be Priority During Recession

Posted September 8th, 2008 at 1:35pm in Ongoing Priorities 1 Print This Post Print This Post

The Heritage Foundation has long argued that tax cuts, not tax hikes, are the best policy, especially when the economy is weak. Turns out Barack Obama agrees with us. Watch the video yourself, but here is a rough transcript of Obama’s exchange with George Stephanopoulos from This Week:

STEPHANOPOULOS: Even if we are in a recession next January when you come into office, you’ll still go through with your tax increases?

OBAMA: No, no, no, no, no. What I’ve said George is even if we are still in recession I am still going to go through with my tax cuts. That’s my priority.

Both before and after this exchange, Obama does make the case that raising taxes can help economic growth, sometimes, by lowering the deficit. Heritage scholar J.D. Foster reviews the economic literature and makes the opposite case here.

Tags: , ,

Conn Carroll Author: Conn Carroll

You can leave a response, or trackback from your own site.

Related Posts

One Response to “Tax Cuts, Not Tax Hikes, Ought to be Priority During Recession”

  1. TurnerCountyTaxpayersAssoc. Ashburn,Ga. on September 8th, 2008 at 1:35pm said:

    I seriously think our candidates should study their history of the 29 market crash & great depression of the 30’s. There are many differences then and now, but many similarities!
    If you don’t know your history it may come back to bite you in the future.

Leave a Comment

In order to leave a comment, you must supply information for all of the required fields below (which are indicated by bold text).

Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

You can follow any responses to this entry through the RSS 2.0 feed.