The Full Feed from HuffingtonPost.com: Ex-Reagan Adviser Bruce Bartlett: Romney's Tax Plan Will Not Revive The Economy

The Full Feed from HuffingtonPost.com The Full Feed from HuffingtonPost.com

Ex-Reagan Adviser Bruce Bartlett: Romney's Tax Plan Will Not Revive The Economy Oct 16th 2012, 19:10 Contrary to the Romney campaign's promises, a former economic adviser to President Ronald Reagan says that Mitt Romney's tax plan just won't revive the economy. "The idea that tax reform will jump-start an economy suffering from the after-effects of a cyclical downturn is nonsense," Bruce Bartlett wrote in a New York Times blog post on Tuesday. "There is little reason to think we will see tax reform any time soon, and even if Mr. Romney's plan is enacted as proposed the growth effect will be small to nonexistent." Barlett noted that the economy continued to grow at roughly the same rate after Reagan's own tax reform in 1986, adding that economists agree Reagan's 1986 tax reform had little impact on economic growth. Bartlett also wrote last year that tax cuts for the wealthy and for corporations did not help stimulate the economy under President George W. Bush, and that "there is no reason to believe" that the same policies would help stimulate the economy today. Read More... More on Mitt Romney

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