Supply-Side in Low Demand for 2012 Republicans: Ramesh Ponnuru
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Jan. 10 (Bloomberg) -- Supply-side economics is supposed tobe a cheery creed, and its devotees have good reason to behappy. Keeping the top federal tax rate low has traditionallybeen their key policy objective. Today, that rate is 35 percent:It has been lower than that for only five of the past 80 years.
Yet in this campaign, the keepers of the supply-side faithare grim. So far the two Republican candidates who have departedthe most from supply-side doctrine have done the best.