supply-side economics

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Indiana University

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is a debate that can now be declared effectively put to bed as fanciful since it has been proved that the effective revenue generating effects of specific tax cuts would be at best 'relatively small' and certainly not enough to cover the difference in tax loses.

In 2003, Alan Murray, who at the time was Washington bureau chief for CNBC and a co-host of the television program Capital Report, declared the debate over supply-side economics to have ended 'with a whimper' after extensive modeling performed by the Congressional Budget Office(CBO) predicted that the revenue generating effects of the specific tax cuts examined would be, in his words, 'relatively small.'[47] Murray also suggested that Dan Crippen may have lost his chance at reappointment as head of the CBO over the dynamic scoring issue.

Alan P. Merriam

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Alan P. Merriam