illumined horizon: krugman dispells tax cut fervor

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krugman dispells tax cut fervor

0 comments | Saturday, December 22, 2007

I was reading a very good Paul Krugman piece on the Republican infatuation with tax cuts, and I was surprised to learn that conservatives tried to say that the Reagan tax cuts were really the source of the Clinton boom. Well, I wonder then, which is it, did the economy do so well in the 80's or 90's because of Reaganomics? According to Krugman the tax cut motivation is political. It's not based on sound economic theory. By the way, though the starve the beast philosophy is in line with tax cuts, while most conservatives might be for this, the majority of Americans I don't think would be.

posted by Winston Smith

at 2:14 PM Permalink

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