The Macroeconomic Effects of the Bush Tax Cuts
Posted by William Byrnes on January 3, 2011
Why is this Topic Important to Wealth Managers? Discusses and examines some long-term implications on the economy, through a macroeconomic perspective, of the Bush Tax Cuts. Examines financial data spanning over a decade to help wealth managers converse on current economic topics.
A recent report examined certain major economic indicators in relation to the Bush tax cuts. These indicators, in total, showed a negative overall effect that the Bush tax cuts had on the economy. The below chart presents common economic gauges before and after the tax cuts (which first occurred in 2001 and 2002).
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