There’s no evidence whatsoever that the Bush tax cuts actually diminished revenue. They increased revenue, because of the vibrancy of these tax cuts in the economy.
I keep hearing that conservatives actually have a nuanced view of tax cuts, not the laughable caricature that liberals impute to them. But it sure looks like their top guy in the Senate has exactly the laughable caricature we’ve always thought he did. I now eagerly await an outpouring of criticism from conservatives upset at McConnell for being such a pandering rube and giving the movement a bad name.
UPDATE: Karl Smith at Modeled Behavior tweets: “I have a chart I use on Bush tax cuts, has broken even the hardest of partisans. Will post & tweet later.” Really? The hardest of partisans? This I have to see…..
UPDATE 2: Well, here’s the chart. And it’s a good one! But I somehow have a feeling that the hardest of partisans will remain unmoved.