Upper-income Bush-Era Tax Cuts Should Be Replaced With Effective Job-Creation Measures

Washington, DC–(ENEWSPF)–November 15, 2012.  In a new report, Josh Bivens and Andrew Fieldhouse propose a blueprint for policymakers trying to navigate the so-called “fiscal cliff” that would boost real GDP by 1.7 percentage points and generate more than 2 million jobs in 2013, relative to current policy. Notably, this approach would also avoid another sharp fiscal contraction in 2014 similar to the one currently facing Congress and reduce the ten-year budget deficit by $651 billion.