I happened to catch economist and former deputy assistant to the Treasury under George H. W. Bush, Bruce Bartlett, discussing the Trump tax “plan” (actually just an outline) released on Wednesday on The Last Word with Lawrence O’Donnel.
Bartlett had some harsh words for the faith-based supply side “trickle down” economics that got its start with Arthur Laffer under the Reagan administration, which his boss George H. W. Bush used to deride as “voodoo economics.”
(Beginning at the 10:00 minute mark)
O’Donnell: You recently wrote that “Everything Republicans now say about taxes is wrong.”
Bartlett: “Well, I think that they took a good idea of lowering marginal tax rates and doing tax reform and they simply got carried away. They started making exaggerated arguments saying these tax cuts would pay for themselves with no loss of revenue, and that’s just hogwash, that’s just a lie. And anybody who says it is a liar. And I think that the people who say it know that they’re lying. There is not a single serious study, there’s no serious study of anything by this administration or anybody on the right these days, that would back up in the slightest possible way the talking points that they continually throw out there as just propaganda.