ocr: The proposed In billions of dollars: . tax cut: $20 After 1 year, 90% - - * - - à is spent and put back ($20)(.90) in the economy: After 2 years, again, $20)(.90)(.90) 90% is spent and put back in the economy: ($20)(.90) After 3 years, again, (920)(90)(.90)(.90) 90% is spent and put back in the economy: - ($20)(.90)3 Tax Cuts and the Money Supply
