About those tax cuts

Ever since Ronald Reagan, the GOP has held as a central existential tenet that tax cuts cause economic growth. The only things that have reliably grown with Republican tax cuts have been the federal deficit and national debt. And what about those Trump tax cuts that promised to supercharge the economy? Same ole same ole.

"My best guess, based on both GDP figures and a few other things is that the Republican tax cut, remarkably enough, had virtually no effect on growth. I’m not sure how they managed that since lower taxes should stimulate growth, but apparently Republicans can even screw up a tax cut these days.

Then again, the best way to make a tax cut effective is to give less of it to the rich and more of it to the middle class. If the real goal here was merely to make the rich a little richer, then it worked great and Republicans didn’t screw up anything."

https://www.motherjones.com/kevin-drum/2020/03/the-republican-tax-cut-had-no-effect-on-growth/