Pawlenty Outlines Bold Reaganesque Supply-Side Tax Cut Plan

By Aaron Blake, Washington Post

Presidential candidate Tim Pawlenty unveiled an ambitious series of tax cuts on Tuesday that harkens back to the economic policies proposed by Ronald Reagan during his 1980 presidential campaign.

But in fact, Pawlenty’s proposal goes a step beyond “Reaganomics” in some ways. It slashes the corporate tax rate more than Reagan did, reduces defense spending rather than raising it to record levels like Reagan did, raises the Social Security retirement age, and places control of services like the Post Office out of the government’s control.

Pawlenty is tagging his presidential campaign to a very aggressive economic strategy and promising a lot — both a lot of change and a lot of results.