Recommended Reading

Steve Kornacki has a good overview of the last few decades of tax hikes and tax cuts and what they meant for the economy. I think we're seeing the demise of the theory that if you lower taxes for rich people, all will benefit. Not that some folks will ever turn loose of it. I suspect if I asked Steve Forbes what I should do about the sewage leak in my garage, he'd insist that it could be solved by eliminating all taxes on capital gains, inheritances and people who never blink.