Obama Needs Supply-Side Lesson from GOP

摘要

According to McConnell, scrutiny should include this simple test: "Will the yet unwritten, reportedly trillion-dollar spending bill really create jobs and grow the economy-or will it simply create more government spending, more bureaucrats and deeper deficits?" The Republican leader is drawing a clear line in the sand. [...] of course, the GOP should work hard to maintain the Bush tax cuts on capital gains, dividends, inheritance and top individual rates. [...] many economists-including Alan Reynolds at the Cato Institute-argue that the growth and simplification effects of reducing the corporate tax rate would be revenue positive.