AP Misrepresents Greenspans views on Bush Tax Cut

AP Never Distorts a Story

Yahoo! News - Alan Greenspan Undercuts Bush Tax Cut

Greenspan said that while eliminating the tax investors pay on dividends would have long-term advantages for the economy, rising federal deficits require that such a move be offset by either spending cuts or tax increases elsewhere . . . .

Greenspan said tax cuts aimed at capital investment, not consumer consumption, will do the most for the economy. That could give a lift to tax breaks for small businesses, such as increasing the limits on expensing from $25,000 to $75,000.

In other words, Greenspan AGREES WITH the President that tax cuts will help the economy, we need to cut federal spending, and the best tax cut to give would encourage capital investing. Where’s the disagreement implied in “undercuts the Bush tax cut” in the headline? Great example of truly neutral reporting.

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