I take issue with an article from the Terre Haute Tribune-Star re-printed in The Sun-Commercial on Oct. 10 (LITTLE HELP SEEN FOR WABASH VALLEY AREA IN TRUMP PROPOSED TAX CUTS) highly critical of President Trump’s tax cut and reform proposals.
Similar programs put in place under John Kennedy and Ronald Reagan resulted in economic expansion, job and wage growth and even higher tax revenues.
Along the same lines, pro-growth policies adopted in Indiana have produced a 3.5 percent unemployment rate, one of the lowest in the country.
Of course the “economists” quoted in the article were not at all impressed by this number, claiming Indiana was “no model for the country.” What is their preferred model? Illinois, Detroit, Puerto Rico or Venezuela. Are they longing for the high unemployment and wage stagnation of the Obama years?
I believe the Indiana State University and Rose-Hulman economic professors cited in the article deserve the grade of “F” in their understanding of history and economics.