So maybe the real takeaway is this: tax cuts aren’t inherently good or bad. They’re a tool. Like any tool, they can be used well or poorly. If targeted at lower earners during slow growth periods? Probably stimulative. If broadly applied to corporations during an already strong economy? Maybe less effective.
I agree with that framing. It’s not “tax cuts vs. no tax cuts.” It’s design and context. Blanket statements don’t help. I just don’t think we should dismiss them outright because some policies didn’t deliver perfect results.