The cuts were poorly timed. Dara indicates the economy did increase after the cuts, and the cuts likely die have something to do with it. If the cuts were coupled with spending cuts and timed better it would have been great.
Although not perfect, they did have an effect on the economy as a short-term boost and possibly a long-term growth throughout his first term.
His cuts are responsible for 14% of the debt. If made correctly, they may have created revenue.
The cuts weren't great. They could have been MUCH better, but they did help some.
Less taxes on the people means they have more money to put into the economy. To say that it doesn't help the economy is simply absurd. What hurts is raising taxes and wreckless spending by the liberal government. When their spending decreases the economy will increase because there will be more money in people's pockets.
Other Bush policies, primarily areas like the overseas wars, high gov't spending at home, special interest handouts, and the lack of cutting regulations made the economy slow, as did the burst of the Internet bubble. The thought that tax cuts hurt the economy is absurd. The economy runs on money, putting more back into the economy will only help.
The Bush Tax Cuts were a mixed bag. There were some positive elements of the tax policy. The lowering of tax rates on investment income as well as the lowering of marginal tax rates on business income both made for a more competitive tax code.
Likewise, many of the tax cuts made for more disposable income for middle income families.
Still, the temporary nature of the tax cuts hurt their ability to generate growth. Also, the tax cuts could have been better designed.
There should have been a broader tax reform that lowered rates and deductions, in a more revenue neutral standpoint.
On net, the tax cuts were not a big boost.
Taxes were cut on people who already make plenty of money. The argument that conservatives use is that these people are "job creators," but the reality is that these folks do not use that little bit on income to invest in ways that create jobs. They just save extra wealth, and nowadays it is part of the deficit problem because it restricts revenue.
The Bush tax cuts were horrible. They should not have been extended to the wealthier portion of the population. Furthermore, he implemented the cuts at a time when spending was dramatically increased. Increased spending combined with less taxation resulted in severe debt and a weak economy. Bush wasn't thinking when he allowed those cuts.
The Bush Tax Cuts hurt the economy. Having tax cuts across the board as Bush did, prevented the government from receiving any income. As a result the US had to borrow billions of dollars from countries like China to pay for foreign and local expenses. These expenses included the massive amounts of money being spent in two overseas wars. The Bush Tax Cuts are one of the reasons the USA is in such massive debt now.
The Bush tax cuts did nothing to help the economy. The rich got richer. In a consumer-based economy, money in the hands of the masses increases consumer spending on products that grow the economy. Private sector job growth was the worst in decades under Bush Jr and the recession happened under his watch. The Bush tax cuts did a mind job on the American people and the global economy.