You're right. I'm delirious and your supply-side nonsense is correct.
Originally Posted by Pepper
BARTLETT (4/6/07): The original supply-siders suggested that some tax cuts, under very special circumstances, might actually raise federal revenues...
But today it is common to hear tax cutters claim, implausibly, that all tax cuts raise revenue. Last year, President Bush said, ''You cut taxes and the tax revenues increase.'' Senator John McCain told National Review magazine last month that ''tax cuts, starting with Kennedy, as we all know, increase revenues.'' Last week, Steve Forbes endorsed Rudolph Giuliani for the White House, saying, ''He's seen the results of supply-side economics firsthand—higher revenues from lower taxes.”Pepper you are engaging in substituting a reasoned position with propaganda.
Look at Bartlett's quote in a larger excerpt:
Today, supply-side economics has become associated with an obsession for cutting taxes under any and all circumstances. No longer do its advocates in Congress and elsewhere confine themselves to cutting marginal tax rates — the tax on each additional dollar earned — as the original supply-siders did. Rather, they support even the most gimmicky, economically dubious tax cuts with the same intensity.
The original supply-siders suggested that some tax cuts, under very special circumstances, might actually raise federal revenues. For example, cutting the capital gains tax rate might induce an unlocking effect that would cause more gains to be realized, thus causing more taxes to be paid on such gains even at a lower rate. Economist's View: Bruce Bartlett: How Supply-Side Economics Trickled Down