Wednesday, August 3, 2022

The Republican War on Economics

 https://nymag.com/intelligencer/2017/12/the-republican-war-on-economics.html

On Meet the Press Sunday, Chuck Todd asked Susan Collins how she could support a huge tax cut after having complained about excessive debt. “Economic growth produces more revenue and that will help to offset this tax cut and actually lower the debt,” she calmly replied. An incredulous Todd asked Collins how she could defend such a claim when every study has concluded the opposite. She cited Glenn Hubbard, Larry Lindsey, and Douglas Holtz-Eakin.

Jennifer Rubin got ahold of two of the three, Hubbard and Holtz-Eakin. Both economists denied having ever claimed the Republican tax cuts would produce enough growth to recoup the lost revenue.

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