That’s not just anybody. Bruce Bartlett called for tax increases on the wealthy. Bruce Bartlett! Bruce Ron-Paul-Staffer Bartlett. Bruce Supply-Side-Author Bartlett. The man wrote one of the first books advocating Reaganomics. Advisor to President Reagan. Senior fellow at the Heritage Foundation. Treasury official under President Bush I. Worked at the Cato Institute. We’re talking about a major figure in tax reduction efforts in the 80s and 90s, responsible for convincing many to support lower taxes.

But here we are now with the lowest taxes in 60 years. We’ve got lax demand. The supply-side approach clearly failed for the past decade that we’ve had tax cuts. As Mr. Bartlett put it in answer to the question “Are Taxes in the U.S. High or Low?“, “The truth of the matter is that federal taxes in the United States are very low. There is no reason to believe that reducing them further will do anything to raise growth or reduce unemployment.” With tax rates already low and the economy not doing as well as it was under higher rates, there’s no reason to think it’ll do any better with even lower tax rates....