History hasn't been kind to GOP arguments about taxes.
Tuesday night's Republican debate was devoid of flashy moments. Nobody said anything particularly embarrassing. Nobody said anything particularly memorable. Even Donald Trump failed to stand out.
...in seven years under President Obama, the U.S. has added an average of 107,000 jobs a month. Under President Clinton, the economy added about 240,000 jobs a month. Under George W. Bush, it was only 13,000 a month. If you win the nomination, you'll probably be facing a Democrat named Clinton. How are you going to respond to the claim that Democratic presidents are better at creating jobs than Republicans?
On average, the Nordic countries outperform the Anglo-Saxon ones on most measures of economic performance. Poverty rates are much lower there, and national income per working-age population is on average higher. Unemployment rates are roughly the same in both groups, just slightly higher in the Nordic countries. The budget situation is stronger in the Nordic group, with larger surpluses as a share of GDP.
Plenty of academic research backs this up. Analysts at the Congressional Research Service conducted a thorough literature review in 2014 and concluded that "both labor supply and savings and investment are relatively insensitive to tax rates."
That obviously isn't an argument for raising taxes or regulations frivolously. Some taxes and regulations make sense. Some don't. Timing makes a huge difference, as do the trade-offs and policy nuances. (To take one current example, raising the minimum wage to $12 might not have a big effect on jobs while raising it to $15 might.) And it's not like the Obama-era recovery has been ideal. Job growth has returned but wage growth hasn't. A debate over how to raise living standards makes a lot of sense right now.
But the available evidence from the U.S. and abroad puts the burden of proof on Republicans, who are making the same old arguments on taxes and regulations that they've been making for decades. They need to provide evidence that their solutions will unleash a more robust economy -- one that's good not just for the richest 1 percent, but also for everybody else. That’s not an easy case to make.