Opinion Columns & Blogs

December 11, 2012 12:00 AM

Jack Shakely: Let’s take the plunge off the fiscal cliff

In February 2003, 450 economists, including 10 of the 24 living Nobel laureates in economics, made a public plea to President Bush not to enact the recent tax cuts passed by Congress. These tax cuts, officially called the Jobs and Growth Tax Relief Reconciliation Act of 2003 but forever known as the Bush-era tax cuts, would not do what they promised, the economists argued. Instead, they said, the cuts would “worsen the budget deficit, increase inequality, decrease the ability of the U.S. government to fund essential services, while failing to produce economic growth.”

Related content

Comments

Videos

More Videos

How Filimin is made 01:40

How Filimin is made

Sergio de Vilchez talks about Wichita State's MVC title 02:11

Sergio de Vilchez talks about Wichita State's MVC title

Expert: progress on earthquakes, but there's more to come 01:35

Expert: progress on earthquakes, but there's more to come

Sexual abuse survivor: "Too many people are afraid of getting involved." 00:57

Sexual abuse survivor: "Too many people are afraid of getting involved."

Ceremony marks beginning of 931st Air Refueling Wing 01:13

Ceremony marks beginning of 931st Air Refueling Wing

Wichitan prepares to compete for American Ninja Warrior 03:41

Wichitan prepares to compete for American Ninja Warrior

Celebrating 100 Years at Camp Wood YMCA 00:54

Celebrating 100 Years at Camp Wood YMCA

Shocker New Venture Competition 00:53

Shocker New Venture Competition

Falling ag land values mean trouble for farmers 01:04

Falling ag land values mean trouble for farmers

Over-the-road pickup truck 03:52

Over-the-road pickup truck

Scenes from the Kansas tax debate 02:07

Scenes from the Kansas tax debate

Lesser prairie chicken research 02:13

Lesser prairie chicken research

Share Video

How Filimin is made

Editor's Choice Videos