I see from your profile you're probusiness. But the biz community liked the tax cuts, no? You don't agree that lower marginal rates are stimulative, and thus revenue-producing? I thought supply siders dont believe in spending offsets for tax cuts?
I’m pro-business and therefore not a supply sider. And two reasons for this.
1) Putting Tax-cuts and Deficit spending together and fed complacency is like giving a High School Athlete a combination of steroids and cocaine - the short term performance will be great, but the crash is going to be awful. The Government flooded too much money into the financial market causing mini-bubbles from stocks to housing to bonds to sub-prime.
2) Deficit spending makes government services look cheap, and when somethings cheap you just want to start buying more of it. “Medicaid “reform” - sure what the heck, I’m not paying for it...” “Farm Subsidies - sure what the heck, I’m not paying for it...” “Bridge to nowhere - sure what the heck, I’m not paying for it...”
But the second we say
You want “Medicaid Reform” that’s going to cost you $200 extra a year.
You want “Farm Subsidies” that’s going to be an extra $250 per year.
You want “Bridge to nowhere” that’s an extra $50 bucks per year?
And suddenly the taxpayer is going to say? “Oh heck no!” And spending will go down.