Tax Cuts Do Not Increase Revenue, Part Eleventy Kajillion

Nobody actually believe this, but Republicans sometimes pretend to.

The evidence of the past 45 years is that income tax cuts never pay for themselves. Everybody knows this, but Republicans pretend to believe otherwise, especially when backed into a corner. The latest person to adopt this pose is Stephen Miran, chair of Donald Trump’s Council of Economic Advisers and pictured above. This time-worn confidence game is the topic of my latest New Republic piece. You can read it here.

Note: I learned the numeric concept “eleventy kajillion” from my friend Bill Barol, whose Hammertown Substack you should really check out.