Theres little historical evidence that tax cuts actually pay off in boosting economic growth

[ProfessorGAC]

8. Little Evidence?

Little? There's is absolutely no evidence. Even in the "tax cut halcyon days" of the 80's, the economic stimulus was borrowing a trillion dollars to spend on defense contractors. When the economy was only about 6 trillion, that's 16.6% over 7 years, excluding the velocity of money which nearly tripled that. The equivalent of spending 60% of GDP which would look like 5.96% nominal growth. Take away inflation which averaged 4% (when including energy inflation) and it's 1.96% real growth in 7 years. The debt load increase negated any macroeconomic value.

So, not only is there "little" evidence that tax cuts boost economic growth, there is AMPLE evidence that the opposite is true. They do nothing, and more than likely, hurt economic growth.