Word: sider
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Dates: during 2000-2009
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...influence of his chief economic adviser Larry Lindsey. The former Federal Reserve governor has been sour for so long on the economy's prospects that he cashed out all his stocks in 1997, when the Dow Jones average was still at 8,500. And for Lindsey, a dedicated supply sider, the remedy for recession just happens to be a tax cut. Most economists insist, however, that tax cuts have very little effect on recessions, largely because their benefits kick in too late to affect the problem. To pre-empt his critics, Bush could redesign his proposal to provide accelerated benefits...
...influence of his chief economic adviser Larry Lindsey. The former Federal Reserve governor has been sour for so long on the economy?s prospects that he cashed out all his stocks in 1997, when the Dow Jones average was still at 8,500. And for Lindsey, a dedicated supply sider, the remedy for recession just happens to be a tax cut. Most economists insist, however, that tax cuts have very little effect on recessions, largely because their benefits kick in too late to affect the problem. To pre-empt his critics, Bush could redesign his proposal to provide accelerated benefits...
...code. He said she faced a "tollgate" on the road to the middle class, and he ordered his economists to smooth the way. "I want a package that deals directly with this problem," he said. Through the summer and fall of 1999, Bush's economists, led by supply-sider Larry Lindsey, trooped down to Austin with proposal after proposal to lower the marginal tax rate for all payers and eliminate Bush's tollgate. But the smart guys could never quite satisfy the governor; he kept demanding rewrites until he was convinced the plan did enough for working families to protect...