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History

8 March, 10:31

In the text you read this about President George W. Bush's tax cuts: Once in office, Bush turned his attention to domestic issues. Like most

Republicans, Bush believed that tax cuts would stimulate the economy and create new jobs. In 2001, Bush pushed a highly controversial $13

trillion tax cut through Congress The tax cut put more money in the hands of consumers

Why did Bush think the tax cuts would stimulate the economy?

A

Many consumers might save the extra money rather than spend it.

B. People might spend the money on buying products

C

Wealthy consumers might spend roughly the same amount on necessities as others.

D

Foreign companies might buy more American goods