“To address the debt problem, Congress must reform and restrain the growth of entitlement programs and adopt further pro-growth tax and regulatory policies,” wrote the Hooverites, Michael J. Boskin, John H. Cochrane, John F. Cogan, George P. Shultz and John B. Taylor. As for the tax cut bill enacted in December, the sages said not to worry: They called it “a good first step, as it sharply increases the incentive to invest and grow businesses, which will increase incomes.”
Originally Published on yahoo