The Kansas Experiment was a total disaster. The only people who believe Trickle Down Economics will work are either delusional, criminal or hypocritical. The idea that modern* tax cuts produce economic growth to pay for themselves, or will generate wage growth for the lower and middle class is horse poo. It didn't happen under Reagan or Bush 2 or Obama. Nope. Didn't. (Note that I said modern since there is the taxation point where the tax is so high that a cut does spur growth, e.g. the JFK tax cuts, but there is a bottom point where the cuts no longer do that. We've burst threw that floor a long time ago.)
So when Steve Mnuchin tried to sell that empty bag, I wanted to laugh but I cried knowing people will believe that stuff.
In an appearance at a Washington forum on Thursday, Mnuchin argued that the Trump tax cut plan would generate so much extra economic growth in gross domestic product that it would not only pay for itself, it would also cut the deficit by $1 trillion over the coming decade.
You may read the rest of the article if you like but it is time the adults tell the the children to put away childish games and begin the process of handling things as reasonable, responsible and rational adults would.
