The end of ‘voodoo’? GOP changes Reagan approach to tax cuts

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www.mcclatchydc.com — George H.W. Bush famously called it voodoo economics. Ronald Reagan called it a winner and took the White House in a landslide, and it’s been a mainstay of Republican fiscal policy ever since.

Until now.

“It” is the tenet that cutting income taxes will generate enough growth that the lower tax rates will increase the amount of taxes flowing into the government.

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