Although Rhonheimer robustly defends capitalism against many unjust criticisms, he defends a substantial government role in the economy and redistributive principles that will not cheer "flat tax" supply-siders
in the US fiscal debate.
blundered in the past decade by repeatedly contending that "deficits don't matter" and assuming that we could grow our way out.
As to the tax cuts, the lowering of marginal rates, especially from the high rates that had existed before, was what supply-siders
saw as crucial for incentives.
Internationally, it's probably fair to say that the supply-siders
have carried the argument in spades.
The Club--an eight-year-old coalition of supply-siders
that helped elect such anti-tax politicians as Rep.
Mitt Romney: Assembled well-known team, mainly supply-siders
who include architects of George W.
As much as the Fed chief sided with the tax-cutting supply-siders
, he writes, "the tax rises of 1982, 1983, 1990 and 1993 infuriated the supply-siders
, but had Greenspan's blessings.
always seem to see tax cuts as the answer: Corporations, when able to retain more net profits via lower marginal tax rates, have more to invest, and hence of their own initiative will spur the economy.
Supporting Reagan's tax rate reductions was a movement of economists add journalists called supply-siders
worry about the large areas of waste and inefficiency in the economy--over-employment in the service sector, especially.
The economic assumptions of that plan had been dramatically revised at the last moment despite the noisy protests of the monetarists (Meltzer and Rutledge) and the supply-siders
(Kudlow, Roberts, and I).
I was one of the original supply-siders
with Jack Kemp,'' Lungren said.