LAST WORD Suppose that a tax cut involves two alternative schemes: ( a ) a $2 tax cut or tax rebate for each of the 10 people in the breakfast club, or ( b ) a tax savings for each of the 10 in proportion to their previous bill. If the two schemes were put to a majority vote, which do you think would win?

According to supply-side economists, why might that voting outcome be shortsighted? Why might this tax anecdote be more relevant to an individual state than to the Federal government?