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Originally posted by Spanky
I was arguing that only this:
1) The fact that we do not have as much revenue now as we did before the Bush tax cuts does not disprove Supplie Sider theory. In addition, the number we are looking out is gross revenue and not a percentage of GNP.
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I gather you acknowledge that so far, the Bush tax cuts have been a net loss for government revenues. What needs to happen to disprove what you call the Supply Side theory? If it not after a few years, how many years do you need to wait before you can be sure that foregone taxes have not been made up for by the additional revenues due to increased growth?
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2) If you agree that the Bush tax cuts increased growth (and thereby pulled us out of the recession) then you are agreeing that they were a good move from an economic perspective.
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Do you see any cost to the Bush tax cuts? Is it possible in your mind that they increased growth and yet were not a good move from an economic perspective?
