[PEN-L:9583] question

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

a pause from work, to ask a question:

it was reported that the US House of Rent-a-tives recently passed a GOP
"massive tax cut." In order to convince "moderates" to vote for it, I
understand that it has provisions rescinding or moderating the tax cuts if
and when the projected budgetary surpluses vanish. If so, and supposing
that contrary to official opinion, the US goes into recession at some point
in the future, isn't that institutionalizing Pres. Hoover's fiscal policy,
creating an automatic destabilizer, supposing that the law actually gets
through the Senate and isn't vetoed?

Jim Devine jdevine@xxxxxxxxxxxxxxx &
http://clawww.lmu.edu/Faculty/JDevine/jdevine.html