Tax Cuts

In 1960, the US was in a recession. Pres. Kennedy cut taxes, and as a result tax revenue increased, unemployment decreased, and GDP growth increased.In the early 1980s, the US was in a recession. Pres. Reagan cut taxes, and as a result tax revenue increased, unemployment decreased, and GDP growth increased.In 2001, the US was in a recession. Pres. Bush cut taxes, and as a result … tax revenue DEcreased, unemployment didn’t change, and GDP growth slowed???In 2009, the US was in a recession. Pres. Obama cut taxes, and as a result … tax revenue decreased, unemployment continued to go up, and GDP growth slowed???Your mission is to figure out what made the Bush/Obama tax cuts different from the Kennedy/Reagan tax cuts. Why did the later tax cuts NOT obviously benefit the economy when the K/R tax cuts had? This one has right and wrong answers, so make sure to do some searching around online to identify the difference. I’ll give you a hint that it has nothing to do with the recessions.