Were the Bush tax cuts a good idea?

          During the first three years of the George W. Bush administration, a series of federal income cuts were enacted. Since then the impact of these tax cuts has been debated vigorously, often using concepts described in chapter 11. Sample the debate by visiting the web site for two main participants in the debate.

          For support of the Bush administration tax cuts go to the Heritage Foundation, 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" at http://www.heritage.org/Research/Taxes/index.cfm

          For criticism of the Bush administration tax cuts go to the Citizens for Tax Justice, a think tank whose mission is to "give ordinary people a greater voice in the development of tax laws against the armies of special interest lobbyists for corporations and the wealthy" at http://www.ctj.org/

          At each site, identify two strong arguments in favor (or against) the tax cuts. Fill in the following table on these three arguments.

Arguments in favor of the tax cut

1. Source
   
   Summary of the argument
   
   
   
   
   
   
2. Source
   
   Summary of the argument
   
   
   
   
   
   

Arguments against the tax cut

1. Source
   
   Summary of the argument
   
   
   
   
   
   
2. Source
   
   Summary of the argument