Alan Auerbach interviewed by PolitiFact.com, June 17, 2015
Reasonable people can use different years as a starting point for comparison. Bush didn’t take office until early 2001 and the tax cuts didn’t take full effect until the start of 2002. Plus, economist Alan Auerbach … reminded us that there was a recession between March 2001 and November 2001. “The effects of the recession on revenue are likely to swamp any effects of tax policy,” Auerbach said.