supply-side economics

is wrongheaded in that the bush tax cuts did little more than deprive government of revenue, increase the deficit, and worsen after-tax income inequality.

Later analysis of the Bush tax cuts by the Economic Policy Institute claims that the Bush tax cuts have failed to promote growth, as all macroeconomic growth indicators, save the housing market, were well below average for the 2001 to 2005 business cycle. These critics argue that the Bush tax cuts have done little more than deprive government of revenue, increase the deficit, and worsen after-tax income inequality.[64] Following the release of the EPI report, though, growth remained strong and newer numbers disputed the conclusions of the report. The Bush administration pointed to the long period of sustained growth, both in GDP and in

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Economic Policy Institute