Irrational tax cuts won’t raise long term economic growth

I recently received the following on a Dave Farber’s “Interesting People” list, a collection of techies with interest in Internet policy issues. Why discuss it now, since the tax bill has been passed? It is important for all to realize how much the Republicans in Washington no longer believe in basing their decisions on  reality  (“facts”). It is very hard to believe this, but the evidence is now overwhelming, and the consequences will continue to be grave. I wrote the following quick response.

It seems completely reasonable and even desirable to take actions such as lowering corp taxes,  lowering taxes on productivity and reducing regulation to get the economy growing at the 3-4%  range.

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