The first big change came in late July, when Abramson named DavidLeonhardt, a thirty-eight-year-old economics writer and a Pulitzer Prize winner, to replace Baquet as Washington bureau chief.
Donald Marron, director of the Tax Policy Center, thinks that this is precisely why cutting taxes no longer does the job, telling DavidLeonhardt of the New York Times that when the top marginal rate was 70 percent of higher, as it was from 1940 to 1980, tax cuts could make a big difference.