The GOP is Wrong Again About Taxes

October 6, 2014 at 2:52 am Leave a comment

So the GOP is wrong again about the tax cuts as so elegantly written by Paul Krugman

First, voodoo economics has dominated the conservative movement for so long that it has become an inward-​looking cult, whose members know what they know and are impervious to contrary evidence. Fifteen years ago leading Republicans may have been aware that the Clinton boom posed a problem for their ideology. Today someone like Senator Rand Paul can say: “When is the last time in our country we created millions of jobs? It was under Ronald Reagan.” Clinton who?

Second, the nature of the budget debate means that Republican leaders need to believe in the ways of magic. For years people like Mr. Ryan have posed as champions of fiscal discipline even while advocating huge tax cuts for wealthy individuals and corporations. They have also called for savage cuts in aid to the poor, but these have never been big enough to offset the revenue loss. So how can they make things add up?

I always smelled the GOP had bad tax policy and I always opposed the massive Bush tax cuts even I was a conservative.  I have always been skeptical about tax cuts and always will.


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