Supply-side tax-cutters are on the march again, warned Times economics reporter Louis Uchitelle on the front page of Wednesday's Business Day -- "A Political Comeback For Supply-Side Doctrine -- Debate on Tax Theory Now Focuses on the Wealthiest."
(The Times's international edition headline over Uchitelle's story had the slant of an opinion piece: "McCain sticks to supply-side economics despite evidence it doesn't work.")
Uchitelle's NYT piece began snidely:
When Ronald Reagan ran for president in 1980, he promised to cut taxes in what seemed, at the time, a magical way. Tax revenue would go up, not down, he said, as the economy boomed in response to lower rates.















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