Jeb Bush just released the details of his economic plan in the Wall Street Journal. He claims that his new plan will result in sustained economic growth of four percent or more. To give you an idea of how difficult that would be, no president since Lyndon Johnson has achieved that level of growth. Wow, how is he going to do that? What powerful economic voodoo has he come up with that will work such a miracle?
Well, you can probably guess it. It’s more tax cuts for the wealthy, the same thing his brother tried which led to the Great Recession economic meltdown. So in addition to thinking that his brother’s invasion of Iraq was a good idea, he thinks his brother’s economic policies are worth doubling down on. In addition to cutting the top tax bracket from 39.6% to 28%, he wants to eliminate inheritance taxes and the alternative minimum tax, and slash corporate taxes.
Clearly, some people can not learn from history.