"Cutting taxes for very high income people an average of more than $100,000 a year for people that make more than a million dollars a year is not an effective way to get the economy going"

This quote by Austan Goolsbee recommends that cutting taxes for individuals who make more than a million dollars a year is not an effective method to promote the economy. Goolsbee is suggesting that cutting taxes for those with really high earnings, who usually make more than $100,000 a year, will not have a significant influence on the economy. He is suggesting that the money saved by these people will not be reinvested into the economy, and for that reason will not have a favorable effect on economic development. Goolsbee is promoting for policies that will benefit most of individuals, instead of simply those with high incomes. He believes that policies that benefit most of individuals, such as tax cuts for the middle class, will have a higher effect on the economy than tax cuts for the wealthy.