1. says

    Funny how those low rates in the 1920’s preceded the Great Depression, isn’t it? Aren’t tax cuts supposed to stimulate the economy by encouraging “job creators” to go out and “create”? Supply-siders love telling us that cutting taxes both increases GDP and boosts revenues, but they conveniently elide this rather important period in U.S. history.

    Republicans won’t rest until the rates look like they did after WWI (assuming they can’t repeal the 16th Amendment, which Rick Perry has advocated). Why on earth would we want to go back there? It’ll turn out differently this time, right?

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