PERRspectives: The Republicans' Dynamic Deception for 2016
"Unfortunately, that conservative claim--that tax cuts spur so much new economic activity that government revenue is at least as much as it would otherwise have been--has been repeatedly, thoroughly and demonstrably debunked ever since Arthur Laffer's Curve was first sketched on a cocktail napkin 40 years ago. So, Republicans have turned to a new term--"dynamic scoring"--to both magically erase the oceans of red ink their tax plans would necessarily produce and happily avoid having to explain the painful, draconian and politically unpopular spending cuts needed to offset the hemorrhaging from the U.S. Treasury. The inevitable result, now as under Presidents Reagan and Bush, will be a mushrooming national debt and, at a time of record high income inequality, a massive tax cut windfall for the wealthy."
