The One Big Beautiful Bill Act has been criticized for not doing enough to rein in deficits. It has been praised for extending tax cuts. And it is underrated for some of the pro-growth business measures the bill includes intended to promote supply-side business incentives. But what about the “promises kept:” In the new tax bill — the “no tax on tips” and “no tax on overtime wages” — are these pro-growth? What about the deduction for interest expense on auto loans? Or the special bonus standard deduction for senior citizens? David does a refresher in today’s podcast on the principles of the supply side tax movement that have been front and center for almost 50 years. Tax cuts that incentivize production and tax cuts that appeal to a very specific voting block are rarely the same thing!
Show Notes: