They have two aspects. One is that they're unpredictable, and that often rich and more affluent households are slow to spend the funds. The other thing about tax cuts is that they're redistributive. So they tend, naturally, to benefit those who pay tax.
Judy WoodruffI think, as a historian, what strikes one the most about this [Donald'd Trump] program is just simply its nationalism, with his commitment to the redevelopment of American manufacturing and industrial jobs, providing jobs for the constituency that was so important in electing him.
Judy WoodruffIf image is everything, how can the Democratic presidential hopefuls compete with a President fresh from a war victory.
Judy WoodruffAnd I've been incredibly lucky to have a long career in journalism that has given me a front-row seat to some of the most important moments in modern American political life.
Judy WoodruffIf you stimulate the economy by means of a tax cut, the people that you tend to be benefiting are the better off.
Judy WoodruffViewing that complex relationship one-sidedly from the aspect of manufacturing and the impact of Chinese imports on the United States makes sense from the point of view of the Rust Belt of the United States. It may even make sense as a political strategy for a candidate running for office.
Judy Woodruff