What school of economic thought — Keynesian, supply-side or monetarist — says raising taxes in a slumping economy is the recipe for a return to prosperity? There is no such school.
There is such a school in the wacky world of Krugman.
Technically, Keynes was against this, but in practice, Keynesian economists have never seen a tax hike they didn't love, regardless of where we are in the economic cycle.
Technically, Keynes was against this, but in practice, Keynesian economists have never seen a tax hike they didn't love, regardless of where we are in the economic cycle.