Yglesias Award Nominee

"It's not true, as some conservatives and administration officials say, that tax cuts raise revenue. (Some conservatives say that nobody makes that false claim, and that's not true either.) And while you are right to suggest that some of the extra revenue brought in through tax increases would be spent, probably some of it would go to deficit reduction. The question is whether the marginal deficit reduction is worth the marginal cost to economic growth," - Ramesh Ponnuru, National Review Online.