Scott Alexander defends his criticism of the GOP tax bill, arguing that even if taxes should be lowered, there are more effective ways to cut taxes that would directly benefit the poor and middle class.
Longer summary
Scott Alexander responds to criticism of his previous article on the GOP tax bill, reaffirming his position that the bill is a poor approach to tax cuts. He argues that even if one believes taxes should be lower, there are better ways to implement tax cuts. Scott suggests that halving income taxes for the bottom 80% of earners would be a more effective alternative. He critiques the argument that corporate tax cuts boost economic growth, citing economist opinions, CEO statements, and historical trends. The post emphasizes that direct tax cuts or welfare programs for the poor and middle class would be more beneficial than the proposed corporate tax cuts.
Shorter summary