"Policy Makers Shouldn't Listen to Supply-Side Orthodoxy"

"Tax cuts have generally proven to be a big bust during the past few decades. Former President George W. Bush pushed through a series of substantial tax cuts in 2001 and 2003, but growth failed to return to 1990s levels. More recently, experiments with lowering taxes at the state level have showed very disappointing results. The most glaring example is Kansas Governor Sam Brownback's tax-cutting program, begun in 2012. In the years since Brownback slashed taxes, the state's finances have been drowning in red ink. But economic growth didn't pick up, and Kansas has lagged behind its neighbor Nebraska in both labor supply and income per person."

Noah Smith at Bloomberg View reminds readers that "[t]he old recipe of tax cuts, deregulation and fiscal austerity does little for growth."

Ronald Brownstein at The Atlantic writes that, in regard to the Republican tax policy, "[t]he baby boom is being evicted from the penthouse of American politics. And on the way out, it has decided to trash the place."

And in a 2015 article for the Economic Opportunity Institute, Scott Sorscher points out that [o]ur moral, social, political and economic values changed in the mid-70's."