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Down the Memory Hole


One conservative strategy will be to pretend that George W. Bush never existed. I suspect that it’s only a matter of time before Bush becomes a tax-hiking Democrat. (Jonah Goldberg pointed the direction on this many moons ago.)

Relatedly, I would like to note this from the latest column of Mr. David Brooks:

Raising top tax rates may not be as cataclysmic for the economy as some have argued, but this is still one of the most growth-killing ways to raise revenue.

How the assumption that increases in the top marginal tax rates are “growth-killing” can be squared with the results of the last 20 years of American public policy is, oddly enough, unexplained. Apparently, it’s not just the Bush tax cuts but the Clinton budget deal that never happened.

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