Friday, March 29, 2019

West Wing Reads Tax Reform Is No ‘Sugar High’


West Wing Reads

Tax Reform Is No ‘Sugar High’


“The current mantra from opponents of the 2017 Tax Cuts and Jobs Act is that the strong economic growth that followed is the result of a ‘sugar high,’” Rep. Kevin Brady (R-TX) and economist Lawrence Lindsey write in The Wall Street Journal.

“These arguments reflect political and ideological wishful thinking, not a substantive analysis of what is happening in the economy . . . Thanks to the tax cuts and deregulation, the economy boomed in 2018 despite monetary tightening” from the Federal Reserve, Lawrence and Rep. Brady explain.

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