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Obama vs. Bush: Who’s the Bigger Tax Cutter?
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It would be easy to assume that President George W. Bush cut taxes more in his first term.
If you had to guess whether President George W. Bush or President Barack Obama cut taxes more in his first term, which one would you choose? Probably President Bush, right? After all, the “the Bush tax cuts” were massive. And President Obama is the one calling for the expiration of some of those tax cuts. He’s also pushing for more revenue as we try to address our long-term fiscal imbalance.
Given all that, you could be forgiven for guessing that President Bush is the bigger tax cutter. But you’d actually be wrong. By the end of his first term, President Obama will have signed into law a series of tax cuts that, taken together, exceed the value of those signed into law by President Bush.
A longer version of this article was originally posted by our parent organization, the Center for American Progress.
Michael Linden is the Director of Tax and Budget Policy and Michael Ettlinger is Vice President for Economic Policy at American Progress.
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