The ghost of economics past Despite its unenviable track record, supply side finds new fan: John McCain

From: International Herald Tribune | Date: March 25, 2008| Author: | Copyright information

Louis Uchitelle The New York Times Media Group
International Herald Tribune
03-25-2008
The ghost of economics past Despite its unenviable track record, supply side finds new fan: John McCain
Byline: Louis Uchitelle The New York Times Media Group
Edition: 4
Section: FINANCE/BUSINESS

NEW YORK --

When Ronald Reagan first ran for president of the United States in 1980, he promised to cut taxes in what seemed, at the time, a magical way. Tax revenue would go up, not down, he said, as the economy boomed in response to lower rates.

Since then, supply-side economics, as it was called - first with ...

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