This material was created by the Center for American Progress Action Fund
By Michael Ettlinger, Michael Linden, Seth Hanlon
Speaker of the House of Representatives John Boehner (R-OH) plans to address the Economic Club of Washington today to present his economic plan. Press reports indicate he is expected to offer familiar conservative proposals—cutting tax rates for high-income individuals and corporations. The address promises to bring conservative economic proposals in sharper contrast with those of President Barack Obama, who last week presented a plan focused on creating jobs and boosting demand, which economists estimate will create up to 2 million jobs over the next year.
Here are some questions Americans should expect Speaker Boehner to address in his speech:
Question No. 1: If the supply-side tax policies in effect now aren’t working, why will doubling down on them be any more effective?
Speaker Boehner should answer the question of why, if supply-side tax cuts are effective in creating economic growth, our economy isn’t booming right now. Not only have supply-side tax cuts not worked in the past but they aren’t working right now. Speaker Boehner’s speech probably won’t emphasize that while President Obama is in the White House, every one of President Bush’s supply-side tax policies is still in effect. Last December President Obama signed legislation extending the Bush tax cuts of 2001 and 2003 through 2012 in addition to other, even bigger tax cuts.
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