Letter: Tax cut won’t fix the economy

Friday, April 18, 2003 | 9:23 a.m.

President Bush's dogged insistence that Congress pass his tax cut proposal -- which will benefit the richest the most -- in the face of the growing deficit and the cost of the war, is appalling.

He argues that the tax cut will create jobs that will promote the economy's growth. Baloney. History has shown otherwise. Trickle-down economics has not worked. Reagan's immense tax cut for the rich brought on the record-breaking deficit and the rich tramped their way to the bank with their ill-gotten loot. It took Bill Clinton to put the bleeding Treasury back into the black.

Now, the deficit is growing again. If the tax cut is enacted, the rich will again be hurrying to the bank and the economy will remain lousy.

ORVILLE GOPLEN

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