The former president may speak more eloquently than we’ve heard him speak before about his tax policy (perhaps taking some talking points from Paul Ryan?), but the bad news is that simply re-labeling the tax cuts as, for example, the (now) “Obama tax cuts,” won’t make those claims of wonderful supply-side growth effects suddenly come true. (Here is a CNN story on yesterday’s speech.) But the new presidential ownership of the bulk of the tax cuts–and the continued campaign promises by all candidates to keep the bulk of them (warts and all)–still assures us that they’ll largely persist in our future.
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