Turkish economy experienced an economic crisis starting in 2008 and gaining strength in 2009 due to external factors. The decrease in production and employment caused by a dampening in demand has been felt more deeply in certain sectors. In order to overcome the mentioned economic crisis, the tax cutcomponent of the Keynesian anti- recessionary policy was adopted in the form of decreasing taxes such as the VAT (Value Added Tax) and PCT (Private Consumption Tax) and thus increasing the prices of products and services. In this study, firstly, the sectors in which the decreases in production were the highest rates are determined. Then, the decisions of the Council of Ministers regarding the VAT and PCT cuts are analyzed for identifying the sectors, products and services in which such tax cuts were implemented. Finally, the extent to which the desired effect of the increase in production has been achieved in the sectors In which the tax cuts were implemented are determined. As a result of the above-mentioned analyses, it can be stated that the VAT and PCT cuts implemented in such sectors as the manufacturing industry, food, textiles, furniture manufacturing, motor vehicles, computer and electronic equipment have yielded positive results on the capacity utilization rates within the specific terms in which tax cuts were implemented. Nevertheless, in the tourism sector, it has been found out that although there was an increase in revenues for the first two years, such an increase have not been witnessed thereafter. As for the construction sector, it has been found out that there have been no positive effects of the tax cuts on neither turnover nor employment.