Letter: Mac and the 100% tax cut: Notes from a recovering conservative

Letter: Mac and the 100% tax cut: Notes from a recovering conservative

Back in the winter of 1964–65, I was sitting in an Econ 101 class at North Dakota State University. I wasn’t especially enamored with the lecture style, so I asked the professor to explain how tax cuts could stimulate the economy. He cited John F. Kennedy’s tax policy — a move that, in his view, had contributed to postwar growth. That planted a seed. Fast-forward a few years, and along came Ronald Reagan with his own sweeping tax cuts. It seemed…