Bobby Jindal Just Killed Decades of Republican Tax Policy - Businessweek

Bobby Jindal Just Killed Decades of Republican Tax Policy - Businessweek: "Do you hear that? No? Listen closer. There. That. That, coming from Louisiana, is the sound of the end of trickle-down economics. Economists have known for a while that personal marginal tax rates, and in particular those on the rich, don’t seem to have much of an effect on the economy. As we wrote in September, even Reagan’s economist did not find any evidence that the Reagan recovery had come from the Reagan administration’s personal income tax cuts. Over the last four years, apostate Republican thinkers such as Bruce Bartlett and David Frum began to agree. Then most of America did. Even a group of CEOs of major corporations came around to the idea that raising tax rates on the rich would not hamper growth."

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