Magazine June 21, 2010, Issue


United States Treasury check on a 1040 tax form (Getty Images)

Taking the Supply Side

Why is Kevin D. Williamson caving in to parochial calculations by accountant economists of the revenue effects of tax cuts (“Goodbye Supply-Side,” May 3)? Has he no idea of the vast body of data from around the globe showing that low-tax countries increase their government spending three times faster than high-tax countries, because the low-tax countries grow their economies some six times as fast? Does he have any idea of how silly it is to connect higher tax rates with increased revenues at all? Tax rates are prices. A huge body of economic and management literature shows that

NR Editors includes members of the editorial staff of the National Review magazine and website.

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