Krugman: Bush! tax! cuts! (The more things stay the same, the more they never change.)
Dynamic Voodoo
We have a first score on the Jeb! tax plan in answer to Matt OBrien,
I think we refer to this as the Bush! tax! cuts! Its $3.4 trillion in lost revenue. But most of this will be made up through higher growth, Bushs advisers, led by Glenn Hubbard, assure us.
And thats highly credible, right? After all, Hubbard was a big booster of the Bush (as opposed to Bush!) tax cuts, which he assured everyone would lead to much faster growth and 300,000 jobs a month. He was especially proud of the 2003 tax cut.
And just look at
the chart above, which compares private sector job creation after that pro-growth tax cut and after the job-killing 2013 Obama tax hike. As you can see hmm, that doesnt seem to go the right way, does it?
Its almost pathological how
Jeb! seems to have learned nothing from what didnt work under Bro! Why, next thing hell be saying that hes leaning on Ws advice for dealing with the Middle East. Oh, wait.
http://krugman.blogs.nytimes.com/2015/09/09/dynamic-voodoo/
As Krugman surely knows, it's not that Jeb! has "learned nothing". It's that Jeb! knows that history does not make the 1% happy so pushing a tax cut requires ignoring history.