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Spending Versus Tax Cuts: Who Pays the Cost of Political Compromise?

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  • Dean Baker

Abstract

President Obama and the Democratic leadership will undoubtedly have to make some political compromises in order to get a stimulus package through Congress. However, it is important to keep in mind that there will be real costs associated with these compromises insofar as they result in a less effective stimulus package. A less effective package will mean less economic growth, which will, in turn, mean that fewer people will have jobs.

Suggested Citation

  • Dean Baker, 2009. "Spending Versus Tax Cuts: Who Pays the Cost of Political Compromise?," CEPR Reports and Issue Briefs 2009-01, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2009-01
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    References listed on IDEAS

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    1. David G. Blanchflower & Alex Bryson, 2004. "What Effect Do Unions Have on Wages Now and Would Freeman and Medoff Be Surprised?," Journal of Labor Research, Transaction Publishers, vol. 25(3), pages 383-414, July.
    2. Heather Boushey & Shawn Fremstad & Rachel Gragg & Margy Waller, 2007. "Understanding Low-Wage Work in the United States," CEPR Reports and Issue Briefs 2007-09, Center for Economic and Policy Research (CEPR).
    3. John Schmitt, 2008. "Unions and Upward Mobility for Latino Workers," CEPR Reports and Issue Briefs 2008-28, Center for Economic and Policy Research (CEPR).
    4. Frank Levy & Peter Temin, 2007. "Inequality and Institutions in 20th Century America," NBER Working Papers 13106, National Bureau of Economic Research, Inc.
    5. John Schmitt, 2008. "The Union Wage Advantage for Low-Wage Workers," CEPR Reports and Issue Briefs 2008-17, Center for Economic and Policy Research (CEPR).
    6. Barry T. Hirsch & Edward J. Schumacher, 2004. "Match Bias in Wage Gap Estimates Due to Earnings Imputation," Journal of Labor Economics, University of Chicago Press, vol. 22(3), pages 689-722, July.
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    More about this item

    Keywords

    economic crisis; economic stimulus; fiscal stimulus;

    JEL classification:

    • H - Public Economics
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

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