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STIMULUS?

January 14, 2008

As recession fears grow, politicians of all stripes are calling for a "stimulus" package. Better Bitter Blogger Daniel Shaviro perfectly describes what we're likely to see:

Let's think in terms of the actual bill we would get, not the hypothetical bill one might design. It will be late, a Christmas tree loaded with lobbyists' garbage, larded by both parties since otherwise it wouldn't become law, and full of bad new stuff that will just stay on as the business cycle changes.

Precisely.

More on "stimulus" from TaxVox.

Tags: tax policy.

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