Here’s a safe bet: The 2016 Republican presidential nominee will push a splashy tax-cut plan. It’s been de rigueur for the party’s standard-bearer since Ronald Reagan in 1980. Gotta check that box.
Okay, but what kind of tax cut? The 2012 nomination race saw a plethora of sweeping but deeply flawed flat-tax plans. All would have exploded the budget deficit, with some also raising taxes on lower-income Americans. Candidates seemed more interested in signaling their supply-side bona fides to primary voters than in offering realistic blueprints for governance.
Continue reading this piece from National Review Online here.