Tax cut incoherence
November 22, 2010 1 Comment
I don’t get why I haven’t seen anybody make this point before, but count on Chait. Basically, to argue that you cannot raise taxes in a recession is an implicit acceptance of Keynesian economics. Of course, Keynesian economics also says you should spend to get out of the recession, but Republicans won’t go for that:
Basically, if you believe that recessions are bad times to raise taxes, then you should also believe they’re a bad time to cut spending. Alternatively, if you reject the Keynesian model, then you might think raising taxes is bad, but there’s no particular reason to think raising taxes during a recession is especially problematic.
The conservative rhetoric about raising taxing during a recession amounts to an ideologically incoherent pastiche of mutually exclusive theories. It literally makes no sense at all.
Time and time again, the evidence shows that Republicans’ primary ideological driver is less taxes for rich people. Full stop. That’s it. Everything else is just window dressing on this politically unpalatable idea.