{"id":14839,"date":"2023-11-02T08:47:24","date_gmt":"2023-11-02T12:47:24","guid":{"rendered":"https:\/\/americancompass.org\/?p=14839"},"modified":"2023-11-02T08:47:25","modified_gmt":"2023-11-02T12:47:25","slug":"new-collection-supply-side-economics-beyond-tax-cuts","status":"publish","type":"post","link":"https:\/\/americancompass.org\/new-collection-supply-side-economics-beyond-tax-cuts\/","title":{"rendered":"New Collection: Supply-Side Economics Beyond Tax Cuts"},"content":{"rendered":"\n<p>A&nbsp;<a href=\"https:\/\/americancompass.org\/walk-on-the-supply-side\/\">new collection<\/a>&nbsp;of essays and analysis from American Compass questions the efficacy of tax cuts as a strategy for generating broad-based economic growth. With top marginal income tax rates now roughly half of what they were at the start of the supply-side revolution in the 1980s, the evidence suggests that further tax cuts are unlikely to deliver the investment, productivity, and wage gains that Americans want and need.&nbsp;<\/p>\n\n\n\n<p>The collection, titled\u00a0<em><a href=\"https:\/\/americancompass.org\/walk-on-the-supply-side\/\">A Walk on the Supply Side<\/a><\/em>, includes three essays examining the history and limits of supply-side economics, as well as the potential for more targeted policies to address contemporary economic challenges. It also features\u00a0<a href=\"https:\/\/americancompass.org\/tax-cut-did-what\/\">new analysis<\/a>\u00a0of revised GDP and business investment data showing that the economic boosts promised from the Tax Cuts and Jobs Act of 2017 and Bush tax cuts of 2001\/2003 failed to materialize.<\/p>\n\n\n\n<ul>\n<li>In \u201c<a href=\"https:\/\/americancompass.org\/the-curse-of-voodoo-economics\/\">The Curse of Voodoo Economics<\/a>,\u201d executive director Oren Cass warns that reflexive tax cutting divorced from evidence has become a \u201czombie Reaganomics\u201d that threatens conservative credibility. He argues that fiscal discipline should take priority, with tax cuts as the reward for limiting spending and deficits.<\/li>\n\n\n\n<li>In \u201c<a href=\"https:\/\/americancompass.org\/rebuilding-the-supply-side-platform\/\">The New Supply-Side Economics<\/a>,\u201d policy director Chris Griswold argues that while supply-side principles remain relevant, new approaches beyond tax cuts are needed to confront problems like globalization and financialization that discourage domestic investment.<\/li>\n\n\n\n<li>In \u201c<a href=\"https:\/\/americancompass.org\/learning-the-lessons-of-supply-side-economics\/\">Learning the Lessons of Supply-Side Economics<\/a>,\u201d Aaron Hedlund, chief domestic economist for President Donald Trump&#8217;s Council of Economic Advisers, says conservatives should move beyond 1980s orthodoxy to craft pragmatic policies tailored to present circumstances and a realistic understanding of market failures.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/americancompass.org\/walk-on-the-supply-side\/\">Click here to read the full collection<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Long-term analysis shows the ineffectiveness of the Bush and Trump tax cuts<\/p>\n","protected":false},"author":43,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_tec_requires_first_save":true,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","footnotes":""},"categories":[14],"tags":[23,176],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - 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