Monday, November 7, 2016

Tax Cuts for the Rich Only Cause Deficits

Time to throw away the notion that tax cuts for the rich will stimulate the economy. It is a notion unsupported by any evidence. The case of Kansas provides a strong counterargument--it's hard to see how Kansas can escape from its current budget problems without raising taxes back to at least the levels before Brownback's cuts. The damage to the Kansas economy may be virtually permanent.

William G Gale: An Agenda for Inclusive Growth

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