This Ramesh Ponnuru op-ed is an interesting (inadvertent?) entry into the Chait debate. There is some justice to the charges that Republican tax-cutting has become detached from the electorate and influenced by a vulgarized understanding of supply-side economics. You can’t keep designing tax cuts for 1980’s economic conditions in 2007 and 2008. While I think Ponnuru gives short shrift to the growth-enhancing effects of further tax cuts on investment, his suggestions are a step in the right direction — away from this trend that endangers the GOP’s hold on the tax issue.
