Edward Prescott and taxes
Edward Prescott, who just won the Nobel Prize in Economics, had this to say about Bushs tax cuts:
"What Bush has done has been not very big, its pretty small, Prescott told CNBC financial news television.
Tax rates were not cut enough, he said.
Lower tax rates provided an incentive to work, Prescott said."
2:55 PM / October 13, 2004
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