First, a cursory look at
growth between 2001 and 2007 (before the onset of the
Great Recession) suggests that overall growth rate was
both mediocre – real per-capita income grew at an annual
rate of 1.5 percent during that period, compared to 2.3
percent from 1950 to 2001 – and was concentrated in
housing and finance, two sectors that were not favored
by the tax cuts. There is, in short, no first-order evidence
in the aggregate data that these tax cuts generated growth