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Towards the Next Generation

How to move beyond "supply-side" economics

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Posted in Contemporary economics, Newspapers Tagged with: , , , ,

Fifteen years after the 9/11 attacks triggered its ill-starred invasions of Afghanistan and Iraq, the United States finds itself engaged in a three-way contest for global influence with its old rival Russia and a surging China. Climate change is a growing threat around the world.  In response, the Republican Party is seeking a tax cut. The heart of the undertaking is a reduction of relatively high US corporate tax rates.  That much is a measure on whose desirability experts right and left can agree.  But to compensate for revenue losses arising from various accompanying provisions in the 440-page bill (including inheritance tax abolition, personal