Re: Great New Yorker article on \"Tax cuts pay for themselves\"
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Supply-side theory is clearly plausible, but what any particular economy would have done absent a tax cut cant be proven, because there is no control.
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It cannot be proven, but it can be reasonably estimated, and that estimate is going to be a hell of a lot more plausible than supply side theory. We have plenty of historical data showing how tax receipts grow naturally from year to year even without change in policy. Supply-side theory is plausible only in theory, which is why it wont't die.
Anyone who says that tax cuts increase revenue, because 2007 tax receipts are greater than 2000 tax receipts (or something of that nature), is for certain full of [censored]. Any argument which compares 2000 tax dollars to 2007 tax dollars without even mentioning adjusting the numbers to the same basis is meant to deceive, not to be meaningful.
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