Two new reports from the EPI and the Center for American Progress (CAP) take a hard look at the effectiveness of "supply-side" tax cuts for the wealthy and find they fail to spur economic growth or increase tax revenues-as claimed repeatedly by political leaders on the right. The reports are being released today at a joint EPI/CAP event examining supply side tax cuts, featuring two former White House economic advisors, Larry Summers and Jeffrey Frankel. Read EPI's Briefing Paper Tax-Cut Snake Oil and the joint EPI/CAP report Take a Walk on the Supply Side for more information.
