Step One: Cut Taxes
Step Two: ?
Step Three: Make Profit!
Tax cuts are supposed to be some miracle cure for economic woes, period. That's the deeply held faith of so many Republicans, Libertarians, small-l libertarians, Tea Partiers, and Right Wingers. That's what they sell in their political marketing to America.
If it was really true, where are the jobs? The United States has some of the lowest tax rates in our nation's history. Many of the states with the lowest tax rates also have the highest rates of unemployment (Georgia & Louisiana). Low taxes, tax cuts, tax loopholes, and all the subsidies our governments provide haven't been able to provide any national economic security for a decade. Jobs haven't been created or retained. Wages have only increased for the top 1%. New industries and businesses have had trouble opening. The only way the powers-that-be could pretend our nation made any economic gains in the last decade was to give us a shell game, where our whole economy become less dynamic, more dependent on cheap energy that no longer exists, a house of cards real estate bubble, and illegal labor.
In the face of all this truth, how do the right wing's political marketers reply to the burning wreckage of policy that is their biggest and most successful advertising?
Why, they double down on the bullshit and blame the economy on a make believe tax hike orchestrated by a tax cutting President, that's what.