I helped create the GOP tax myth. Trump is wrong: Tax cuts dont equal growth. Bruce Bartlett

[elleng]

The best growth in recent memory came after President Bill Clinton raised taxes in the ’90s.

'Four decades ago, while working for Rep. Jack Kemp (R-N.Y.), I had a hand in creating the Republican tax myth. Of course, it didn’t seem like a myth at that time — taxes were rising rapidly because of inflation and bracket creep, the top tax rate was 70 percent and the economy seemed trapped in stagflation with no way out. Tax cuts, at that time, were an appropriate remedy for the economy’s ills. By the time Ronald Reagan was president, Republican tax gospel went something like this:

The tax system has an enormously powerful effect on economic growth and employment.

High taxes and tax rates were largely responsible for stagflation in the 1970s.

Reagan’s 1981 tax cut, which was based a bill, co-sponsored by Kemp and Sen. William Roth (R-Del.), that I helped design, unleashed the American economy and led to an abundance of growth.'>>>

https://www.washingtonpost.com/news/posteverything/wp/2017/09/28/i-helped-create-the-gop-tax-myth-trump-is-wrong-tax-cuts-dont-equal-growth/?utm_term=.9580cd3620bc

[guillaumeb]

1. Step 1) Cut Federal tax rates.

Step 2) Cut Federal revenue sharing to the states to reflect falling revenues.

Step 3) States run deficits and increase fees and taxes to compensate. Alternatively, states cut spending and infrastructure decays.

Step 4) Blame the states for increasing spending.

There are, of course more steps, including increased diversion of money into highly speculative investments, and massive Federal deficits, but we all know how the process unfolds.

[RussBLib]

2. hey Bruce, see if you can get thru to Mnuchin

Mnuchin is up to his ugly face in bullshit, but this is the GOP's stock in trade

[Mopar151]

3. This is required reading!!!!!!!

Succinct, to the point. Being an actual careful, reasonable conservative is not a bad thing. Rachel Maddow calls them "small c", "Merriam Webster's" would work, I'm thinking "classic" is a good word.

[elleng]

4. Yes, 'classic,'

many of whom seem to have gone silent. The others, who call themselves 'conservative' are utterly misusing the term.

[Mopar151]

5. Judging by th ones I know......

" Flabbergasted" would be a word....