Jeb Bush and the Return of Voodoo Economics

With the economic recovery continuing, the budget deficit falling, and 2016 approaching, it has been clear for some time where the Republican Party is heading on economic policy: back to the old-time religion of tax cuts. About the only question left to be answered was whether the Party would endorse measures narrowly targeted toward middle-income families, which is what Marco Rubio and some others are recommending, or whether it would revert to the old Reaganite model of broad cuts in tax rates, which reduce tax payments for virtually everyone, but especially the rich—and to heck with the deficit.

See the rest of the story at newyorker.com

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Published on September 10, 2015 09:58
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