Why pass a massive tax cut when employment is high and unemployment are low? Bruce Bartlett, former domestic policy adviser to President Ronald Reagan explains. From "The Washington Post":
"Because for decades, conservative intellectuals have pushed for big tax cuts; less to grow the economy and more because they want to “starve the beast.” They want to force a major overall spending cut that would be a political non-starter without first passing a tax cut that creates a deficit so large, something must be done about it. Spending cuts must be enacted, then, as they would be presented as the only way to pay for the already passed tax cut’s lost revenue."
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